Financing the U.S. Trade Deficit: Role of Foreign Governments
Description:
The nation's trade deficit is equal to the imbalance between national investment and national saving. The financial turmoil and economic contraction during 2008 reduced the gap between national saving and investment. The result was a decline in the trade deficit and the net inflow of capital. If total net capital inflows decline, mainstream economics suggests, all else held constant, that the dollar and trade deficit would decline, U.S. interest rates would rise, and U.S. spending on capital go…
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Date:
June 29, 2009
Creator:
Labonte, Marc
Item Type:
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Partner:
UNT Libraries Government Documents Department