OECD Economic Studies
- Discontinued
- Is continued by :
- OECD Journal: Economic Studies
OECD Economic Studies is the twice-yearly journal of the OECD Economics Department. It features articles in the area of applied macroeconomics and statistical analysis, generally with an international or cross-country dimension. Articles are derived from work of the Organization’s intergovernmental committees, including areas of work outside the Economics Department’s focus. Now published as a part of the OECD Journal.
Also available in: French
- Semiannual
- ISSN: 16097491 (online)
- https://doi.org/10.1787/16097491
The Challenges of Narrowing the US Current-Account Deficit and Implications for Other Economies
This article uses the OECD’s interlink model to explore several possible channels through which a narrowing of the US current account deficit could occur. The shocks considered include dollar depreciation, fiscal consolidation, and an improvement in the non-price competitiveness of US producers. A key conclusion is that shocks would have to be very large in order to materially reduce the US external deficit, largely because of the offsetting impact of second-round effects. In addition...
Also available in: French
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