| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 7366451 | Journal of International Money and Finance | 2013 | 35 Pages |
Abstract
⺠US-China imbalances reflect different but complementary policy objectives. ⺠Reserve hoarding has served GDP expansion and labor mobilization in China. ⺠Current account deficits reflect high US households' consumption. ⺠If China starts aiming at higher standards of living, a rebalancing process begins. ⺠If US monetary policy is too tight, a rebalancing process is more likely to start.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Luigi Bonatti, Andrea Fracasso,