Global Imbalances and Power Imbalances

Christopher Clayton, Matteo Maggiori and Jesse Schreger

AEA Papers and Proceedings, 2026, vol. 116, 133-137

Abstract: We discuss the conditions under which global imbalances, such as China being a large foreign creditor and the United States being a large foreign debtor, might also generate power imbalances. We highlight possible theoretical channels and empirical measures that the future literature could investigate in a full treatment of this topic.

JEL-codes: E44 F31 F34 F51 H63 N24 N44 (search for similar items in EconPapers)
Date: 2026
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Working Paper: Global Imbalances and Power Imbalances (2026)
Working Paper: Global Imbalances and Power Imbalances (2026)
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DOI: 10.1257/pandp.20261017

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