Keyword: trade surplus
Bubble Saving (6/17/2010)
The US has been spending more than it earns and has to borrow from abroad to fund its real investment.
Farming the Wind (1/23/2010)
China is tapping US economic stimulus fund to build wind farms in the US.
Injections and Leakages - Planned vs Realized (1/3/2013)
An open economy allows for more varied interplays between planned vs actual leakages and injections among countries.
Is China on a 'Gold Standard'? (2/24/2012)
Domestic inflation in China as well as yuan appreciation have boosted the prices of Chinese imports to the US.
Is Japan Saving Too Much? (6/29/1999)
Japan's economy is stuck in a prolonged stagnation because consumers' disposable income is too low and business saving is too high.
To Revalue or Not to Revalue – The Yuan Story (1/23/2010)
The Chinese yuan may be under-valued against the US dollar, but yuan revaluation is unlikely to substantially reduce US trade deficit with China.
Trade Surplus Trap (6/18/2010)
Countries heavily dependent on exporting manufactured goods must deny their own citizens higher standard of living to maintain their trade surplus in an era of global wage arbitrage.