Global Rebalancing with Gravity: Measuring the Burden of Adjustment
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We use a forty-two country model of production and trade to assess the implications of eliminating current account imbalances for relative wages, relative GDP's, real wages, and real absorption. How much relative GDP's need to change depends on flexibility of two forms: factor mobility and the
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美国国家经济研究局创建时间：
2008-03-01
