01079nam0 22002653i 450 VAN0010582620240806100729.60520160609d1971 |0itac50 baitaIT|||| |||||Introduzione a Levi StraussPierre Cressanttraduzione di Fulvia e Silvia KanizsaFirenzeGiunti Barbèra1971156 p.20 cm001VAN000231572001 Collezione psicologica210 FirenzeGiunti Barbèra1946-1991.FirenzeVANL000014CressantPierreVANV082231070160525Giunti Barbèra <editore>VANV108561650ITSOL20250321RICA/sebina/repository/catalogazione/documenti/4022.pdf4022.pdfBIBLIOTECA DEL DIPARTIMENTO DI PSICOLOGIAIT-CE0119VAN16VAN00105826BIBLIOTECA DEL DIPARTIMENTO DI PSICOLOGIA16CONS 4022 16NV 1109 20160609 Levi Strauss18630UNICAMPANIA05569oam 22011894 450 991096191480332120250426110740.0978661284211597814623366161462336612978145270669614527066979781451871180145187118X97812828421131282842110(CKB)3170000000055152(EBL)1608083(SSID)ssj0000944124(PQKBManifestationID)11559074(PQKBTitleCode)TC0000944124(PQKBWorkID)10983807(PQKB)10498692(OCoLC)466114297(MiAaPQ)EBC1608083(IMF)WPIEE2008260(IMF)WPIEA2008260WPIEA2008260(EXLCZ)99317000000005515220020129d2008 uf 0engur|n|---|||||txtccrFundamentals at Odds? The U.S. Current Account Deficit and The Dollar /Gian Milesi-Ferretti1st ed.Washington, D.C. :International Monetary Fund,2008.1 online resource (31 p.)IMF Working PapersIMF working paper ;WP/08/260Description based upon print version of record.9781451915716 1451915713 Includes bibliographical references.Contents; I. Introduction; II. The Current Account Balance and The International Investment Position; III. Some stylized Facts on the dollar and the U.S. current account; A. Two Dollar Cycle Episodes; B. A Comparison Between 2 Adjustment Episodes; IV. Reconciling Prices and Quantities; A. Is the REER Mismeasured? The WARP Argument; B. Is The U.S. Current Account Deficit Overstated?; C. Adjustment Lags; D. The Terms of Trade and Oil Prices; E. External Adjustment and Shift in Relative Prices; V. Conclusions; Tables; 1. Historical Patterns of U.S. Dollar Real Depreciations (1973-2008)2. Historical Patterns of U.S. Dollar Nominal Depreciations (1976-2008)3. The U.S. Current Account Balance and Oil Prices during the Adjuntment Episodes; 4. Cumulative Financial Flows and Changes in the U.S. International Investment Position; Figures; 1. Real Effective Exchange Rate, January 1973-September 2008; 2. Current Account Balance and Non-Oil Balance on Goods and Services (ratio of GDP, 1970Q1-2008Q2); 3. Real Effective Exchange Rate and ""WARP"" Index; 4. Lagged ""WARP"" Index and Non-Oil Balance of Goods and Services5. Non-Oil Trade Balance and Real Exchange Rate: Cross-Correlation (1978Q1-2008Q2)6. Terms of Trade and Oil Prices, 1973-2008; ReferencesThe real effective exchange rate of the dollar is close to its minimum level for the past 4decades (as of September 2008). At the same time, however, the U.S. trade and currentaccount deficits remain large and, absent a significant correction in coming years, wouldcontribute to a further accumulation of U.S. external liabilities. The paper discusses thetension between these two aspects of the dollar assessment, and what factors can helpreconcile them. It focuses in particular on the terms of trade, adjustment lags, andmeasurement issues related to both the real effective exchange rate and the current accountbalance.IMF Working Papers; Working Paper ;No. 2008/260Foreign exchange ratesUnited StatesBalance of paymentsUnited StatesBudget deficitsUnited StatesDollar, AmericanBalance of paymentsimfBalance of tradeimfCurrencyimfCurrent Account AdjustmentimfCurrent account balanceimfCurrent account deficitsimfEmpirical Studies of TradeimfExports and ImportsimfExternal positionimfForeign ExchangeimfForeign exchangeimfInternational economicsimfInternational financeimfInternational InvestmentimfLong-term Capital MovementsimfReal effective exchange ratesimfShort-term Capital MovementsimfTrade balanceimfUnited StatesimfForeign exchange ratesBalance of paymentsBudget deficitsDollar, American.Balance of paymentsBalance of tradeCurrencyCurrent Account AdjustmentCurrent account balanceCurrent account deficitsEmpirical Studies of TradeExports and ImportsExternal positionForeign ExchangeForeign exchangeInternational economicsInternational financeInternational InvestmentLong-term Capital MovementsReal effective exchange ratesShort-term Capital MovementsTrade balance332.450973Milesi-Ferretti Gian1812538DcWaIMFBOOK9910961914803321Fundamentals at Odds? The U.S. Current Account Deficit and The Dollar4371373UNINA