Gateway to Think Tanks
来源类型 | CEPS Paperbacks |
规范类型 | 其他 |
A world out of balance?, Special Report of the CEPS Macroeconomic Policy Group | |
Thomas Mayer; Daniel Gros; Angel Ubide | |
发表日期 | 2006-04-05 |
出版年 | 2006 |
语种 | 英语 |
摘要 | Over the last decade the global economy has been on a dynamic path with ever-increasing US current account deficits financed by emerging market surpluses. This report argues that the forces driving this development are now abating and might even reverse soon, forcing an adjustment in asset markets and the global economy. The global supply of savings is likely to shrink soon, with investment in emerging markets growing strongly and consumption in oil rich countries adjusting gradually to the windfall from high oil prices. This combination should lead to higher real interest rates and a cooling of the housing price bubbles that have developed in many areas; with asymmetric effects on the US economy which should slow much more than the eurozone. A gradual resorption of the US external deficit is thus possible without a crash of the USD. Prices shown already reflect the discount. We reserve the right to terminate or modify this promotion. |
主题 | Economy and Finance |
URL | https://www.ceps.eu/publications/world-out-balance-special-report-ceps-macroeconomic-policy-group |
来源智库 | Centre for European Policy Studies (Belgium) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/64155 |
推荐引用方式 GB/T 7714 | Thomas Mayer,Daniel Gros,Angel Ubide. A world out of balance?, Special Report of the CEPS Macroeconomic Policy Group. 2006. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
1317.pdf(372KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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