U.S. trade deficit : causes, consequences, and cures : the proceedings of the twelth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis
tarafından
 
Economic Policy Conference of the Federal Reserve Bank of St. Louis (12th : 1987 : Federal Reserve Bank of St. Louis)

Başlık
U.S. trade deficit : causes, consequences, and cures : the proceedings of the twelth Annual Economic Policy Conference of the Federal Reserve Bank of St. Louis

Yazar
Economic Policy Conference of the Federal Reserve Bank of St. Louis (12th : 1987 : Federal Reserve Bank of St. Louis)

ISBN
9780898382921

Toplantı Adı Girişi
Economic Policy Conference of the Federal Reserve Bank of St. Louis (12th : 1987 : Federal Reserve Bank of St. Louis)

Fiziksel Tanımlama
xv, 315 pages : graphic, table ; 24 cm.

İçerik
Session I.- 1 The U.S. External Deficit: Its Causes and Persistence -- Session II.- 2 The Current Account and Macroeconomic Policy: An Econometric Analysis -- 3 The Impact of the U.S. Current Account Deficit on Other OECD Countries -- Session III.- 4 Trade Deficits in the Long Run -- 5 An Evaluation of Policies to Resolve the Trade Deficit.

Özet
On October 23 and 24, 1987, the Federal Reserve Bank of St. Louis hosted its twelfth annual economic policy conference, "The U.S. Trade Deficit: Causes, Consequences, and Cures." This book contains the papers and comments delivered at that conference. A sharp decline in the value of the dollar against major foreign cur­ rencies began in March 1985 and continued through December 1987. Despite this decline, the U.S. trade deficit experienced considerable growth during this time. Many consider the simultaneous occurrence of these two events over so long a period to be a problem requiring a policy response. The conference addresses this issue. Various papers discuss the cause of the trade deficit, the reason for its size and persistence, its relation­ ship with other macroeconomic variables, its impact on other industrialized countries, and various policy proposals aimed at reducing the deficit. Session I Peter Hooper and Catherine L. Mann provide an analytical setting for the conference with their "The U.S. External Deficit: Its Causes and Persistence." Their observation that the unprecedentedly large U. S. trade imbalance is striking in both its size and its persistence could well be the subtitle of each of the papers presented. The macroeconomic studies, which Hooper and Mann summarize in their review of the existing literature, uniformly conclude that the deficit has not responded to fundamental macroeconomic determinants-relative U.S. income growth and the dollar's exchange rate-in the way that earlier, smaller U.S.

Konu Başlığı
Balance of trade -- United States -- Econometric models -- Congresses.
 
Ticaret dengesi -- ABD -- Ekonometrik modeller -- Kongreler.

Coğrafi Terim
United States -- Commerce -- Econometric models -- Congresses.
 
ABD -- Ticaret -- Ekonometrik modeller -- Kongreler

Yazar Ek Girişi
Burger, Albert E.,


LibraryMateryal TürüDemirbaşYer NumarasıDurumu / Lokasyon / İade Tarihi
Ekonomi KütüphanesiKitapEKOBKN0007451382.170973 ECO 1989Merkez Kütüphane Genel Koleksiyon