Eichengreen, Barry - In: Ensayos Económicos 1 (2009) 53-54, pp. 25-57
This paper analyzes the conflicting explanations of the global imbalances’ pattern and the size of the US external deficit. In this document, it is argued that, far from being incompatible, the explanations suggested are part of a broader story. The drop of the US saving rate has played a...