Traditional narratives of external imbalances have focused on the analysis of national accounts, trade flows, and financial flows. They have generated two opposing views of the current situation of the world economy: on one side, a prudent, if not pessimistic view considers large imbalances as evidence of problems with the international monetary and financial system, and symptoms of domestic distortions (mainly in the United States and China). On...
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DETALHES
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2010/01/01
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Documento de trabalho sobre pesquisa de políticas
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WPS5175
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1
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1
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2010/07/01
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Disclosed
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Hegelian macroeconomics -- the dialectics of global imbalances
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current account deficit
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