The Prospects for Global Imbalances: A View from the IMF

{ Posted on Dec 27 2009 by Menzie Chinn }
Tags : , , , , , , , ,
Categories : Econbrowser, Money

Following up on recent posts ([1], [2], [3], [4], [5] [6]) Here's another take on the prospects for resolving global imbalances, from Olivier Blanchard and Gian Maria Milesi Ferretti, "Global Imbalances: In Midstream?" Staff Position Note 09/29 (Dec. 22, 2009):

IV.B. Lower Global Imbalances in the Future

What will happen in the future depends on how long the factors we just listed will be in play [oil price decline, asset price busts, increase in home bias, the hit to durable consumption and investment goods demand].

Below is reproduced the IMF World Economic Outlook's October 2009 forecast for current account balances.

This entry was posted on Sunday, December 27th, 2009 at 11:30 pm and is filed under Econbrowser, Money. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

Post a Comment