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Published in 2019 at "Review of Economic Dynamics"
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…
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Keywords:
trade deficits;
saving drought;
global saving;
domestic saving ... See more keywords