Global Macroeconomics

Farrokh Langdana and Peter T. Murphy
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Farrokh Langdana: Rutgers Business School

Chapter Chapter 7 in International Trade and Global Macropolicy, 2014, pp 119-136 from Springer

Abstract: Abstract In Chapter 7 , we open our discussion of Global Macroeconomics with an explication of the fundamental driver of trade flows: the National Savings Identity (NSI). We see how this equation drives the supply and demand for loanable funds (SLF and DLF), and links the “twin deficits” (the fiscal deficit and the trade deficit).

Keywords: Interest Rate; Current Account; Budget Deficit; Capital Inflow; Domestic Economy (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-1-4614-1635-7_7

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DOI: 10.1007/978-1-4614-1635-7_7

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