LEADER 05569oam 22011894 450 001 9910961914803321 005 20250426110740.0 010 $a9786612842115 010 $a9781462336616 010 $a1462336612 010 $a9781452706696 010 $a1452706697 010 $a9781451871180 010 $a145187118X 010 $a9781282842113 010 $a1282842110 035 $a(CKB)3170000000055152 035 $a(EBL)1608083 035 $a(SSID)ssj0000944124 035 $a(PQKBManifestationID)11559074 035 $a(PQKBTitleCode)TC0000944124 035 $a(PQKBWorkID)10983807 035 $a(PQKB)10498692 035 $a(OCoLC)466114297 035 $a(MiAaPQ)EBC1608083 035 $a(IMF)WPIEE2008260 035 $a(IMF)WPIEA2008260 035 $aWPIEA2008260 035 $a(EXLCZ)993170000000055152 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFundamentals at Odds? The U.S. Current Account Deficit and The Dollar /$fGian Milesi-Ferretti 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (31 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/260 300 $aDescription based upon print version of record. 311 08$a9781451915716 311 08$a1451915713 320 $aIncludes bibliographical references. 327 $aContents; 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) 327 $a2. 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 Services 327 $a5. Non-Oil Trade Balance and Real Exchange Rate: Cross-Correlation (1978Q1-2008Q2)6. Terms of Trade and Oil Prices, 1973-2008; References 330 3 $aThe real effective exchange rate of the dollar is close to its minimum level for the past 4decades (as of September 2008). At the same time, however, the U.S. trade and currentaccount deficits remain large and, absent a significant correction in coming years, wouldcontribute to a further accumulation of U.S. external liabilities. The paper discusses thetension between these two aspects of the dollar assessment, and what factors can helpreconcile them. It focuses in particular on the terms of trade, adjustment lags, andmeasurement issues related to both the real effective exchange rate and the current accountbalance. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/260 606 $aForeign exchange rates$zUnited States 606 $aBalance of payments$zUnited States 606 $aBudget deficits$zUnited States 606 $aDollar, American 606 $aBalance of payments$2imf 606 $aBalance of trade$2imf 606 $aCurrency$2imf 606 $aCurrent Account Adjustment$2imf 606 $aCurrent account balance$2imf 606 $aCurrent account deficits$2imf 606 $aEmpirical Studies of Trade$2imf 606 $aExports and Imports$2imf 606 $aExternal position$2imf 606 $aForeign Exchange$2imf 606 $aForeign exchange$2imf 606 $aInternational economics$2imf 606 $aInternational finance$2imf 606 $aInternational Investment$2imf 606 $aLong-term Capital Movements$2imf 606 $aReal effective exchange rates$2imf 606 $aShort-term Capital Movements$2imf 606 $aTrade balance$2imf 607 $aUnited States$2imf 615 0$aForeign exchange rates 615 0$aBalance of payments 615 0$aBudget deficits 615 0$aDollar, American. 615 7$aBalance of payments 615 7$aBalance of trade 615 7$aCurrency 615 7$aCurrent Account Adjustment 615 7$aCurrent account balance 615 7$aCurrent account deficits 615 7$aEmpirical Studies of Trade 615 7$aExports and Imports 615 7$aExternal position 615 7$aForeign Exchange 615 7$aForeign exchange 615 7$aInternational economics 615 7$aInternational finance 615 7$aInternational Investment 615 7$aLong-term Capital Movements 615 7$aReal effective exchange rates 615 7$aShort-term Capital Movements 615 7$aTrade balance 676 $a332.450973 700 $aMilesi-Ferretti$b Gian$01812538 801 0$bDcWaIMF 906 $aBOOK 912 $a9910961914803321 996 $aFundamentals at Odds? The U.S. Current Account Deficit and The Dollar$94371373 997 $aUNINA LEADER 01337nlm 2200289Ia 450 001 996661472703316 005 20250612102811.0 100 $a19840609d1690---- uy | 101 0 $aeng 102 $aUK 135 $adrcnu 200 1 $aThe interpretation of dreams$edigested into five books by that ancient and excellent philosopher, Artemidorus /$fcompiled by him in Greek and translated afterward into the Latine, the Italian, the French, and Spanish tongues, and now more exactly rendred into English .. 205 $a10. ed., ampiamente corretta da una vecchia copia originale, con la vita dell'autore e molte altre aggiunte; con il giudizio di alcuni dei nostri moderni scrittori inglesi riguardo al buon uso da fare di alcuni sogni; e la tabella molto modificata 210 1 $aLondon$cPrinted for B.G. and S.K. and are to be sold by Tho. Bever$d1690 215 $aTesto elettronico (PDF) ([15], 171, [6] p.) 230 $aBase dati testuale 300 $aImperfette: pagine macchiate, con perdita di stampa 300 $aRiproduzione dell'originale presso la Harvard University Library 606 0 $aSogni$2BNCF 676 $a154.63 700 1$aARTEMIDORUS,$cDaldianus.$0163213 801 0$aIT$bcba$cREICAT 912 $a996661472703316 959 $aEB 969 $aER 996 $aOnirocriticon$946254 997 $aUNISA