The Resource Fundamentals at odds? : the U.S. current account deficit and the dollar, Gian Maria Milesi-Ferretti

Fundamentals at odds? : the U.S. current account deficit and the dollar, Gian Maria Milesi-Ferretti

Label
Fundamentals at odds? : the U.S. current account deficit and the dollar
Title
Fundamentals at odds?
Title remainder
the U.S. current account deficit and the dollar
Statement of responsibility
Gian Maria Milesi-Ferretti
Creator
Subject
Genre
Language
  • eng
  • eng
Summary
The real effective exchange rate of the dollar is close to its minimum level for the past 4decades (as of September 2008). At the same time, however, the U.S. trade and currentaccount deficits remain large and, absent a significant correction in coming years, wouldcontribute to a further accumulation of U.S. external liabilities. The paper discusses thetension between these two aspects of the dollar assessment, and what factors can helpreconcile them. It focuses in particular on the terms of trade, adjustment lags, andmeasurement issues related to both the real effective exchange rate and the
Member of
Cataloging source
MiAaPQ
http://library.link/vocab/creatorName
Milesi-Ferretti, Gian Maria
Dewey number
332.450973
Illustrations
illustrations
Index
no index present
Language note
English
LC call number
HG3903
LC item number
.M55 2008
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
  • IMF working paper
  • IMF Working Papers
Series volume
WP/08/260
http://library.link/vocab/subjectName
  • Foreign exchange rates
  • Balance of payments
  • Budget deficits
  • Dollar, American
Label
Fundamentals at odds? : the U.S. current account deficit and the dollar, Gian Maria Milesi-Ferretti
Instantiates
Publication
Copyright
Note
Description based upon print version of record
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Content category
text
Content type code
  • txt
Contents
  • Contents; I. Introduction; II. The Current Account Balance and The International Investment Position; III. Some stylized Facts on the dollar and the U.S. current account; A. Two Dollar Cycle Episodes; B. A Comparison Between 2 Adjustment Episodes; IV. Reconciling Prices and Quantities; A. Is the REER Mismeasured? The WARP Argument; B. Is The U.S. Current Account Deficit Overstated?; C. Adjustment Lags; D. The Terms of Trade and Oil Prices; E. External Adjustment and Shift in Relative Prices; V. Conclusions; Tables; 1. Historical Patterns of U.S. Dollar Real Depreciations (1973-2008)
  • 2. Historical Patterns of U.S. Dollar Nominal Depreciations (1976-2008)3. The U.S. Current Account Balance and Oil Prices during the Adjuntment Episodes; 4. Cumulative Financial Flows and Changes in the U.S. International Investment Position; Figures; 1. Real Effective Exchange Rate, January 1973-September 2008; 2. Current Account Balance and Non-Oil Balance on Goods and Services (ratio of GDP, 1970Q1-2008Q2); 3. Real Effective Exchange Rate and ""WARP"" Index; 4. Lagged ""WARP"" Index and Non-Oil Balance of Goods and Services
  • 5. Non-Oil Trade Balance and Real Exchange Rate: Cross-Correlation (1978Q1-2008Q2)6. Terms of Trade and Oil Prices, 1973-2008; References
Dimensions
unknown
Extent
1 online resource (31 p.)
Form of item
online
Isbn
9786612842115
Media category
computer
Media type code
  • c
Specific material designation
remote
System control number
  • (CKB)3170000000055152
  • (EBL)1608083
  • (SSID)ssj0000944124
  • (PQKBManifestationID)11559074
  • (PQKBTitleCode)TC0000944124
  • (PQKBWorkID)10983807
  • (PQKB)10498692
  • (OCoLC)466114297
  • (MiAaPQ)EBC1608083
  • (EXLCZ)993170000000055152
Label
Fundamentals at odds? : the U.S. current account deficit and the dollar, Gian Maria Milesi-Ferretti
Publication
Copyright
Note
Description based upon print version of record
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Content category
text
Content type code
  • txt
Contents
  • Contents; I. Introduction; II. The Current Account Balance and The International Investment Position; III. Some stylized Facts on the dollar and the U.S. current account; A. Two Dollar Cycle Episodes; B. A Comparison Between 2 Adjustment Episodes; IV. Reconciling Prices and Quantities; A. Is the REER Mismeasured? The WARP Argument; B. Is The U.S. Current Account Deficit Overstated?; C. Adjustment Lags; D. The Terms of Trade and Oil Prices; E. External Adjustment and Shift in Relative Prices; V. Conclusions; Tables; 1. Historical Patterns of U.S. Dollar Real Depreciations (1973-2008)
  • 2. Historical Patterns of U.S. Dollar Nominal Depreciations (1976-2008)3. The U.S. Current Account Balance and Oil Prices during the Adjuntment Episodes; 4. Cumulative Financial Flows and Changes in the U.S. International Investment Position; Figures; 1. Real Effective Exchange Rate, January 1973-September 2008; 2. Current Account Balance and Non-Oil Balance on Goods and Services (ratio of GDP, 1970Q1-2008Q2); 3. Real Effective Exchange Rate and ""WARP"" Index; 4. Lagged ""WARP"" Index and Non-Oil Balance of Goods and Services
  • 5. Non-Oil Trade Balance and Real Exchange Rate: Cross-Correlation (1978Q1-2008Q2)6. Terms of Trade and Oil Prices, 1973-2008; References
Dimensions
unknown
Extent
1 online resource (31 p.)
Form of item
online
Isbn
9786612842115
Media category
computer
Media type code
  • c
Specific material designation
remote
System control number
  • (CKB)3170000000055152
  • (EBL)1608083
  • (SSID)ssj0000944124
  • (PQKBManifestationID)11559074
  • (PQKBTitleCode)TC0000944124
  • (PQKBWorkID)10983807
  • (PQKB)10498692
  • (OCoLC)466114297
  • (MiAaPQ)EBC1608083
  • (EXLCZ)993170000000055152

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