Change réel du dollar, déficit extérieur américain et comportement d'épargne

Patrick Artus

Annals of Economics and Statistics, 1995, issue 39, 123-147

Abstract: We try to explicit the causes, the mechanisms and the probable consequences of a situation where a weak dollar (in real terms) does not eliminate a steady trade balance deficit of the United States. We suggest that this situation sterms from an unsufficient level of savings in the United States and that, in the long run, it can lead to a reduction of the world stock of productive capital and to a weakening of the economies of countries outside the United States.

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:adr:anecst:y:1995:i:39:p:123-147

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