Which marbles?: comments on "Losing our marbles in the new century? The great rebalancing in historical perspective" by C. M. Meissner and A. N. Taylor
Meissner and Taylor do a splendid job of making the history of the last great globalization relevant to the current great rebalancing. In their admirably understated way, they have argued that there is no credible evidence supporting the status quo, and have shown that the savings and investment patterns that mark today’s US current account deficit pose more problems for adjustment than were faced when the offshoot countries reversed their current account deficits so painlessly a century ago. I agree with them on both counts, and have learned much from their evidence and explanations.
Volume (Year): 51 (2006)
Issue (Month): ()
|Contact details of provider:|| Postal: |
Web page: http://www.bos.frb.org/
More information through EDIRC
|Order Information:|| Email: |
When requesting a correction, please mention this item's handle: RePEc:fip:fedbcp:y:2006:n:51. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Catherine Spozio)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.