Add to ORKGSummary. Policymakers in the US, Asia and Europe should not wait until financial markets force adjustment in the large imbalances in global current account positions. Although multilateral consultations organised by the IMF began in Summer 2006, they have yet to be followed by policy actions. The current stalemate is dangerous, as market participants are likely to change their minds at some stage about the sustainability of imbalances. Indications that the main players are able to agree on the direction of desirable domestic policy changes and are willing to accept the exchange rate implications of global current account adjustment would help make this adjustment orderly. The time for action is now
THIS IS THE third in a series of papers we have written over the past five years about the growing U...
Global imbalances are large and growing in the sense that the US current account deficit and, as a r...
In 2009, demand in the world’s major economies fell, relative to its pre-crisis trend, by around US$...
Summary. Policymakers in the US, Asia and Europe should not wait until financial markets force adjus...
Increasing nervousness in world financial markets give new relevance to the long-standing issues of ...
Summary. The evolution of global current account imbalances, especially the huge and growing US curr...
Summary. The evolution of global current account imbalances, especially the huge and growing US curr...
Alan Ahearne and Jürgen von Hagen explore the options European policy makers have in the context of ...
We develop a three-region economic model to assess how a significant reduction in global current acc...
Le système monétaire international articulé autour d'une monnaie cœur et de monnaies périphériques é...
Despite the fact that international imbalances are not a new phenomenon, their development after the...
THIS IS THE third in a series of papers we have written over the past five years about the growing U...
THIS IS THE third in a series of papers we have written over the past five years about the growing U...
THIS IS THE third in a series of papers we have written over the past five years about the growing U...
This paper uses NIESR’s global econometric model, NiGEM, to analyse possible adjustment paths for th...
THIS IS THE third in a series of papers we have written over the past five years about the growing U...
Global imbalances are large and growing in the sense that the US current account deficit and, as a r...
In 2009, demand in the world’s major economies fell, relative to its pre-crisis trend, by around US$...
Summary. Policymakers in the US, Asia and Europe should not wait until financial markets force adjus...
Increasing nervousness in world financial markets give new relevance to the long-standing issues of ...
Summary. The evolution of global current account imbalances, especially the huge and growing US curr...
Summary. The evolution of global current account imbalances, especially the huge and growing US curr...
Alan Ahearne and Jürgen von Hagen explore the options European policy makers have in the context of ...
We develop a three-region economic model to assess how a significant reduction in global current acc...
Le système monétaire international articulé autour d'une monnaie cœur et de monnaies périphériques é...
Despite the fact that international imbalances are not a new phenomenon, their development after the...
THIS IS THE third in a series of papers we have written over the past five years about the growing U...
THIS IS THE third in a series of papers we have written over the past five years about the growing U...
THIS IS THE third in a series of papers we have written over the past five years about the growing U...
This paper uses NIESR’s global econometric model, NiGEM, to analyse possible adjustment paths for th...
THIS IS THE third in a series of papers we have written over the past five years about the growing U...
Global imbalances are large and growing in the sense that the US current account deficit and, as a r...
In 2009, demand in the world’s major economies fell, relative to its pre-crisis trend, by around US$...