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Item Details
| Title:
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A WORLD OUT OF BALANCE?
SPECIAL REPORT OF THE CEPS MACROECONOMIC POLICY GROUP |
| By: |
Daniel Gros, Thomas Mayer, Angel Ubide |
| Format: |
Paperback |
| List price:
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£25.95 |
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We believe that this item is permanently unavailable, and so we cannot source
it.
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| ISBN 10: |
9290796219 |
| ISBN 13: |
9789290796213 |
| Publisher: |
CENTRE FOR EUROPEAN POLICY STUDIES |
| Pub. date: |
24 August, 2006 |
| Pages: |
87 |
| Description: |
Over the past decade, the global economy has been on a dynamic path that is clearly unsustainable, with ever-increasing current account deficits in the United States, financed by surpluses in emerging market economies. In its latest report, the authoritative CEPS Macroeconomic Policy Group explores the link between the US deficits and the global savings-investment equilibrium. |
| Synopsis: |
Over the past decade, the global economy has been on a dynamic path that is clearly unsustainable, with ever-increasing current account deficits in the United States, financed by surpluses in emerging market economies. In its latest report, the authoritative CEPS Macroeconomic Policy Group explores the link between the U.S. deficits and the global savings-investment equilibrium. They find that the U.S. deficit is likely to be even larger than officially reported and that policymakers do not seem willing to undertake the necessary policy adjustments to reduce it. Nevertheless, a reduction in the global supply of savings may force an increase in global interest rates and thus a slowdown in U.S. domestic demand--thus initiating a gradual reduction in deficits. The authors argue that a key responsibility of U.S. policymakers is to allow this process to happen, thereby avoiding the risk of a disruptive adjustment later. |
| Publication: |
Belgium |
| Imprint: |
Centre for European Policy Studies |
| Returns: |
Returnable |
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Ramadan and Eid al-Fitr
A celebratory, inclusive and educational exploration of Ramadan and Eid al-Fitr for both children that celebrate and children who want to understand and appreciate their peers who do.
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