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Rebalancing the economy: a tale of two countries

John Williams ()

FRBSF Economic Letter, 2013, issue nov12

Abstract: China and the United States are both facing challenges in rebalancing their economies for the future. There are parallels and contrasts, but both face the difficult challenge of maintaining growth today while moving toward a new normal of longer-run economic health for tomorrow. The following is adapted from a presentation by the president and CEO of the Federal Reserve Bank of San Francisco to the Committee of 100 in Los Angeles, California, on November 8, 2013.

Date: 2013
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