the world economy. This matter is settled by arguing that the global imbalances acted as a "handmaiden" to the 2008 …

long-term evolution of the balance of economic weight in the world economy. Such an evolution may mitigate some flaws of …

the presence of borrowing and lending constraints on that bond. In a US versus the rest of the world (RoW) scenario, we … consumption risk relative to the rest of the world, and therefore decreases its motives for precautionary asset holdings relative … to the rest of the world. As a result of these asymmetric shifts in countries' barriers to capital mobility, the US runs …

The world economy has not still recovered from the effects of the financial crisis that began almost a decade ago first … deflationary impulses for the rest of the world economy. The jury is still out on whether the second largest economy, China, will …

empirical analysis finds that adjustment in integrated economies is slower. Consistent with the presented theory the trade …