Tag Archives: Trade Balance

US President Donald Trump wants to compress the United States trade deficit and enhance the competitiveness of domestic manufacturers by using tariffs to raise the price of imported goods. And the fixed exchange rates he needs to achieve that goal are the real reason behind his nomination of Judy Shelton to the Federal Reserve Board....  Project SyndicateTrump’s Cross of Gold Barry Eichengreen | Professor of Economics at the University of California, Berkeley, and a former senior policy...

The U.S. has run a persistent trade deficit over the past few decades, similar to much of the 19th century. The shifts in the U.S. trade balance over time seem to correspond with U.S. industrialization in a global setting, according to a recent Economic Synopses essay.  “We hypothesize that industrialization leads to structural changes that cause a nation’s comparative advantages to change relative to those of other nations,” wrote Assistant Vice President and Economist Yi Wen and Research...

Not all "automatic stabilisers" in the economy are due to government policy; there are patterns of private sector behaviour that tend to act in a counter-cyclical fashion. The role of the external sector is an important stabiliser (at least most of the time). This article is a basic primer on the subject.... Bond Economics Exports And The CycleBrian Romanchuk

Maybe the trade war with China isn't actually about MAGA at all, but just economic warfare against a rising competitor. If trade surplus are so "unfair," why is the focus not on Germany given the figures, enquiring minds want to know. Or, do Donald Trump and his economic team not realize this?Conversable EconomistSome Facts on Global Current Account BalancesTimothy Taylor | Managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota

[unable to retrieve full-text content]How Not to Sound Like an Idiot About the Trade Deficit, Part 1: Hey look, a 5-minute solution to sounding like a complete moron, you should check it out. (not callig you a moron, I’m sure you’re lovely, I…just read it ok)

[unable to retrieve full-text content]How Not to Sound Like an Idiot About the Trade Deficit, Part 1: Hey look, a 5-minute solution to sounding like a complete moron, you should check it out. (not callig you a moron, I’m sure you’re lovely, I…just read it ok)

Bank of England — Bank UndergroundA prince not a pauper: the truth behind the UK’s current account deficit Rachana Shanbhogue, Macroprudential Strategy and Support Division, and Stephen Burgess, Macrofinancial Risks Division

Why the US works with respect to internal trade among states while the EZ doesn't.Pragmatic CapitalismThe Balance of Payments in the USA Cullen Roche