On the source of U.S. trade deficits: Global saving glut or domestic saving drought?
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DOI: 10.1016/j.red.2018.07.002
Abstract: Are U.S. trade deficits caused by high foreign saving—a global saving glut—or low domestic saving—a domestic saving drought? To answer this question, I conduct a wedge accounting analysis of U.S. trade balance dynamics during 1995-2011… read more here.
Keywords: trade deficits; saving drought; global saving; domestic saving ... See more keywords