An evaluation of policies to resolve the trade deficit
Dept. of Economics, University of California, Santa Cruz, 1987 - Balance of trade - 88 pages
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adjustment aggregate expenditure Alan Richards Arndt billions budget deficit capital changes closed economy comparative advantage current account curves subscripted David Kaun debt crisis debtor countries decline demand for non-tradables demand for tradables dollar domestic Donald Wittman effect expenditure rise Factor Markets February Federal Reserve Figure fiscal expansion global growth improve the trade Income inelastic International Monetary Fund labor macroeconomic market for non-tradables Michael Hutchison monetary policy money prices Nirvikar Singh non-tradables demand non-tradables sector Peggy percent in l981 price of tradables private expenditure Purchasing Power Parity raise Rational Expectations real appreciation real exchange rate reduce relative price resource redeployment Richard Berg Richard Musgrave Ronald Grieson sector specific Suzanne Holt tradables and non-tradables tradables demand curve Tradables producers tradables sector tradables supply curve tradables to non-tradables trade action trade balance deteriorates trade balance improvement trade policy U.S. Department U.S. exports U.S. trade deficit world prices world tradables prices