The State of the World Economy: Global Imbalance, Exchange Rates and the World Debt

  • Gottfried Haberler
Part of the Central Issues in Contemporary Economic Theory and Policy book series (CICETP)


The subtitle indicates three major problems confronting the world economy that I address in this paper. The first is global imbalances, the persistent and large US budget and trade deficits (more precisely, current account deficits) and the equally persistent German and Japanese trade surpluses.


Exchange Rate Interest Rate Central Bank Federal Reserve Purchase Power Parity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© SIPI Srl, Rivista di Politica Economica 1992

Authors and Affiliations

  • Gottfried Haberler
    • 1
  1. 1.American Enterprise Institute for Public Policy ResearchUSA

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