{"id":490,"date":"2011-04-08T12:21:13","date_gmt":"2011-04-08T10:21:13","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=490"},"modified":"2011-05-12T22:15:23","modified_gmt":"2011-05-12T20:15:23","slug":"global-imbalances-and-the-paradox-of-thrift","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/global-imbalances-and-the-paradox-of-thrift\/","title":{"rendered":"Global imbalances and the paradox of thrift"},"content":{"rendered":"<p>Corden, Max.<\/p>\n<p>The global imbalances are fashionably and officially perceived as a problem, especially by the US government and US economists.There have been proposals that they should be internationally regulated and, above all, reduced. These \u201cimbalances\u201d are national current-account surpluses and deficits offset by net capital flows between countries, including changes in foreign currency reserves. It is often stated that they are a cause\u00a0\u2013 possibly even the principal cause- of the global financial crisis that began in 2008. Particular criticism is directed at surplus countries. The aim of this policy insight is to analyse these views rigorously.<\/p>\n<p><span style=\"font-family: StoneSerif; font-size: xx-large;\"><span style=\"font-family: StoneSerif; font-size: xx-large;\"><span style=\"font-family: StoneSerif; font-size: xx-large;\"><span style=\"font-family: StoneSerif; font-size: x-small;\"><span style=\"font-family: StoneSerif; font-size: x-small;\">\u00a0<\/span><\/span><span style=\"font-family: StoneSerif; font-size: x-small;\"><span style=\"font-family: StoneSerif; font-size: x-small;\">\u00a0<\/span><\/span><\/span><\/span><\/span><\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>CEPR<\/p>\n<p><a href=\"http:\/\/www.cepr.org\/pubs\/PolicyInsights\/PolicyInsight54.pdf\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Corden, Max. The global imbalances are fashionably and officially perceived as a problem, especially by the US government and US economists.There have been proposals that they should be internationally regulated and, above all, reduced. These \u201cimbalances\u201d are national current-account surpluses and deficits offset by net capital flows between countries, including changes in foreign currency reserves. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25],"class_list":["post-490","post","type-post","status-publish","format-standard","hentry","category-34","tag-25"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=490"}],"version-history":[{"count":6,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/490\/revisions"}],"predecessor-version":[{"id":1023,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/490\/revisions\/1023"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}