Papaioannou, Stefan; Yi, Kei-Mu - In: Current Issues in Economics and Finance 7 (2001) Feb
The robust growth of the U.S. economy between 1996 and 1999 spurred U.S. demand for foreign goods and contributed to a surge in the U.S. trade deficit. An analysis of the effects of the expansion on the trade balance suggests that the economic boom can account for roughly a third of the sharp...