Three Current Account Balances: A "Semi-Structuralist" Interpretation
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Three large current account imbalances -- one deficit (the United States) and two surpluses (Japan and the Euro area) -- are subjected to a minimalist structural interpretation. Though simple, this interpretation enables us to assess how much of each of the imbalances require a real exchange rate
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美国国家经济研究局创建时间：
2005-12-01
