Where are expenditure rates now? Where might they go?
Category Archives: deficits
Econoblog on “Dollars, Debt and the Trade Gap”
Thoughts on the Dropping Dollar
Bernanke in China
Distortion versus effective subsidy.
The October Trade Release
The non-oil trade balance stabilizes. Petroleum-related imports exceed the US-China trade deficit.
Current Account Imbalances, Again
At the 7th annual IMF Research Conference, Olivier Blanchard discussed in the keynote lecture whether it makes sense to worry about the U.S. current acount deficit.
RIP, Dark Matter As Cure-All
Two recent publications should help put to rest the conjecture that there are vast pools of U.S. wealth lying overseas, ready to save the day.
Estimating U.S.-China Trade Elasticities: Some Very Preliminary Results
Do we have any idea what the CNY appreciation against the dollar will accomplish?
The U.S. Macroeconomy: Facing the Future with (at least) One Hand Tied
[This is an English version of an article that appeared the Italian newspaper Il Sole 24 Ore on the 24th September.]
Today, the U.S. economy stands poised between persistent inflation and slowdown. Even as many measures in the production side of the economy signal continued strength in the economy, forward looking indicators such as housing prices, residential investment, and the yield curve point to substantially weaker growth going forward.
The Fiscal Exposure of the Nation
In present value terms, where were we in 2000? Where are we now?
Tales from the CBO (and the White House)
Investigating the numbers