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Imbalances and Policies

Author

Listed:
  • Vincenzo Quadrini

    (university of Southern California)

Abstract

In this commentary I raise some doubts about our readiness to address policy questions about global imbalances. A solid policy analysis requires a well-structured theoretical model that can account for the key empirical facts about imbalances, but progress in this direction is still limited. I also discuss problems associated with the practical implementation of optimal government policies.

Suggested Citation

  • Vincenzo Quadrini, 2013. "Imbalances and Policies," International Journal of Central Banking, International Journal of Central Banking, vol. 9(2), pages 89-100, June.
    • Handle: RePEc:ijc:ijcjou:y:2013:q:2:a:5
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    References listed on IDEAS

    as
    1. Chadwick C. Curtis & Steven Lugauer & Nelson C. Mark, 2015. "Demographic Patterns and Household Saving in China," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(2), pages 58-94, April.
    2. Matteo Maggiori, 2017. "Financial Intermediation, International Risk Sharing, and Reserve Currencies," American Economic Review, American Economic Association, vol. 107(10), pages 3038-3071, October.
    3. Mr. Damiano Sandri, 2010. "Growth and Capital Flows with Risky Entrepreneurship," IMF Working Papers 2010/037, International Monetary Fund.
    4. Ferrero, Andrea, 2010. "A structural decomposition of the U.S. trade balance: Productivity, demographics and fiscal policy," Journal of Monetary Economics, Elsevier, vol. 57(4), pages 478-490, May.
    5. Thomas F. Cooley & Vincenzo Quadrini, 2003. "Common Currencies vs. Monetary Independence," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 70(4), pages 785-806.
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    More about this item

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy

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