Alan Ahearne and Jürgen von Hagen explore the options European policy makers have in the context of global current account imbalances. Some Europeans are concerned that a disproportionately large burden of adjustment will fall on Europe when the European economy is not flexible enough to cope with a substantial appreciation of the euro. This paper was prepared for the Asia Europe Economic Forum conference in Beijing, 13-14 July 2006
All long-term scenarios confirm that over the next fifteen to twenty years, Europe’s relative econom...
This paper explores the emergence of large current account imbalances in a few large countries, the ...
Economic imbalances keep recurring in the EU. Differences in trade balances dominate the debate. Ger...
The large and growing US current account deficit has its counterpart in the large and growing curren...
Summary. The evolution of global current account imbalances, especially the huge and growing US curr...
[The authors]...explain how the EU has increased the tendency of capital flow from relatively rich t...
The objective of this paper is to examine the possible implications of the adjustment of global and ...
Although Europe in the aggregate is a not a major contributor to global current account imbalances, ...
This Policy Brief is focused on the need to reduce macroeconomic imbalances both globally and within...
We develop a three-region economic model to assess how a significant reduction in global current acc...
This paper extends the model of Engler et al. (2007) on the adjustment of the US current account to ...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
Summary. Policymakers in the US, Asia and Europe should not wait until financial markets force adjus...
The paper examines the extent to which current account imbalances of euro area countries are related...
Widening Current Account imbalances were a key feature of the run-up to the global financial crisis....
All long-term scenarios confirm that over the next fifteen to twenty years, Europe’s relative econom...
This paper explores the emergence of large current account imbalances in a few large countries, the ...
Economic imbalances keep recurring in the EU. Differences in trade balances dominate the debate. Ger...
The large and growing US current account deficit has its counterpart in the large and growing curren...
Summary. The evolution of global current account imbalances, especially the huge and growing US curr...
[The authors]...explain how the EU has increased the tendency of capital flow from relatively rich t...
The objective of this paper is to examine the possible implications of the adjustment of global and ...
Although Europe in the aggregate is a not a major contributor to global current account imbalances, ...
This Policy Brief is focused on the need to reduce macroeconomic imbalances both globally and within...
We develop a three-region economic model to assess how a significant reduction in global current acc...
This paper extends the model of Engler et al. (2007) on the adjustment of the US current account to ...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
Summary. Policymakers in the US, Asia and Europe should not wait until financial markets force adjus...
The paper examines the extent to which current account imbalances of euro area countries are related...
Widening Current Account imbalances were a key feature of the run-up to the global financial crisis....
All long-term scenarios confirm that over the next fifteen to twenty years, Europe’s relative econom...
This paper explores the emergence of large current account imbalances in a few large countries, the ...
Economic imbalances keep recurring in the EU. Differences in trade balances dominate the debate. Ger...