The United States-japan Current Account Imbalance: A RevieweBook - 1994
This paper reviews the macroeconomic and microeconomic dimensions of the United States-Japan conflict over trade. From a macroeconomic perspective, there is nothing surprising about Japans surpluses, given global trends in saving and investment. The current accounts of the United States and Japan have both responded to exchange rate changes in a normal fashion with about a two-year lag. Although not the source of the Japanese current-account surplus, a key issue in the debate is the nature of Japanese trade policy and its possible effects on trade patterns. Empirical studies attempting to determine whether Japans trade prices and quantities are abnormal have arrived at conflicting conclusions.
Publisher: [United States] : International Monetary Fund : Made available through hoopla, 1994.
Branch Call Number: eBook hoopla
Characteristics: 1 online resource