Imbalances and Policies

Vincenzo Quadrini

International Journal of Central Banking, 2013, vol. 9, issue 2, 89-100

Abstract: In this commentary I raise some doubts about our readiness to address policy questions about global imbalances. A solid policy analysis requires a well-structured theoretical model that can account for the key empirical facts about imbalances, but progress in this direction is still limited. I also discuss problems associated with the practical implementation of optimal government policies.

JEL-codes: F36 F68 (search for similar items in EconPapers)
Date: 2013
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