Global Current Account Imbalances: American Fiscal Policy versus East Asian Savings

We consider the origins of global current account imbalances. We first discuss how the expansion of the US current account deficit and the decrease in global real interest rates can be reconciled with the widespread view that American expansionary fiscal policy is partly the source of current trends...

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Bibliographic details
Volume: 16
Main Author: Chinn, Menzie D
Ito, Hiro
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: Oxford, UK Blackwell Publishing Ltd 01.08.2008
WILEY
Wiley Blackwell
Wiley Subscription Services, Inc
published in: Review of international economics Vol. 16; no. 3; pp. 479 - 498
Data of publication: August 2008
ISSN: 0965-7576
1467-9396
EISSN: 1467-9396
Discipline: Business
Economics
Bibliography: We thank Steve Kamin, Jaewoo Lee, Catherine Mann, Eswar Prasad, and participants at the CESifo–Athens University of Economics and Business conference “Global Economic Imbalances: Prospects and Remedies” (Delphi, 2–3 June) for helpful comments on earlier versions of this paper. Jian Wang ably assisted in the compilation of the dataset. We would also like to thank the Stockholm International Peace Research Institute (SIPRI) for generously sharing data. Chinn acknowledges the financial support of faculty research funds of the University of Wisconsin. Ito acknowledges the financial support of faculty research funds of Portland State University and the Japan Foundations.
Series: Review of International Economics
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Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2008
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