External Sector Rebalancing and Endogenous Trade Imbalance Models
I discuss the need for trade models to incorporate endogenous trade imbalances both to more adequately capture the reality of a global economy with large imbalances and pressures from the financial crisis for countries to reduce imbalances. Conventional general equilibrium trade models implicitly in...
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| Format: | Article |
| Language: | English |
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University of Finance and Management, Warsaw; Vistula University
2012-12-01
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| Series: | Contemporary Economics |
| Online Access: | http://ce.vizja.pl/en/download-pdf/id/266 |