The Persistence of the U. S. Trade Deficit : An Open-Economy Macroeconomic Analysis with Microeconomic Foundations by Peter C. Dawson (2012, Hardcover)
The Persistence of the U.S. Trade Deficit: An Open-Economy Macroeconomic Analysis with Microeconomic Foundations (2012) by Peter C. Dawson, Ph.D. is an academic text in International Economics, which discusses the potential macroeconomic and microeconomic causes of the persistent U.S. trade deficit so long after the 1985 U.S. dollar depreciation in foreign exchange markets that should have made U.S. goods more price competitive in world markets relative to foreign goods. This book provides a synthesis of several potential microeconomic and macroeconomic causes of the persistent U.S. trade deficit into one general, open-economy macroeconomic model, which is a modified Mundell-Fleming model. It makes a good reader for students and researchers in the areas of International Trade and International Finance (i.e., Open-Economy Macroeconomics), but it also is written in descriptive detail such that it is accessible and understandable to a broad readership even if one skips the mathematics. Policy-makers may gain some perspective on the importance of balanced government budgets, policy incentives for private saving, the relative competitiveness of U.S. firms¿and U.S. workers, and the national income and wealth benefits of a sound trade promotion policy.
Product Identifiers
Publisher
Dawson Publishing, Peter C.
ISBN-10
0984491910
ISBN-13
9780984491919
eBay Product ID (ePID)
154394743
Product Key Features
Book Title
Persistence of the U. S. Trade Deficit : An Open-Economy Macroeconomic Analysis with Microeconomic Foundations
Author
Peter C. Dawson
Format
Hardcover
Language
English
Topic
International / Economics, Exports & Imports, Economics / General