Global Imbalances and Policy Wars at the Zero Lower Bound

DOI10.1093/RESTUD/RDAB015zbMath1481.91115OpenAlexW3124339569MaRDI QIDQ5022691

Ricardo J. Caballero, Emmanuel Farhi, Pierre-Olivier Gourinchas

Publication date: 19 January 2022

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: http://www.nber.org/papers/w21670.pdf

zbMATH Keywords

public debtcurrent accountfiscal policycapital flowsreserve currencysecular stagnationsafe assetsbudget balanced fiscal expansioncurrency warsglobal recessionliquidity and safety trapstrade wars

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Trade models (91B60)

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