- “Financial Crash, Commodity Prices, and Global Imbalancesâ€. Brookings Papers on Economic Activity, 2008-2 (fall): 1–68.
Paper not yet in RePEc: Add citation now
- Ahmed, Shaghil. 2009. Are Chinese Exports Sensitive to Changes in the Exchange Rate? International Finance Discussion Paper 987. Washington: Board of Governors of the Federal Reserve System.
Paper not yet in RePEc: Add citation now
Aizenman, Joseph and Nancy P. Marion. 2003. “The High Demand for International Reserves in the Far East: What’s Going On?†Journal of the Japanese and International Economies, 17 (3): 370–400.
Aizenman, Joshua and Jaewoo Lee. 2007. “International Reserves: Precautionary versus Mercantilist Views, Theory and Evidenceâ€. Open Economies Review, 18 (2): 191–214.
Akerlof, George A. and Robert J. Shiller. 2009. Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism. Princeton, New Jersey: Princeton University Press.
- Bai, Chong-En, Chang-Tai Hsieh and Yingyi Qian. 2006. “Returns to Capital in Chinaâ€. Brookings Papers in Economic Activity, 2006-2 (fall): 61–88.
Paper not yet in RePEc: Add citation now
- Bernanke, Benjamin, 2005. “The Global Saving Glut and the U.S. Current Accountâ€. Remarks at the Sandridge Lecture, Virginia Association of Economics, Richmond, Virginia, 10 March.
Paper not yet in RePEc: Add citation now
Bussière, Matthieu, Marcel Fratzscher and Gernot J. Müller. 2005. Productivity Shocks, Budget Deficits and the Current Account. ECB Working Paper 509. Frankfurt: European Central Bank.
- Caballero, Ricardo, Emmanuel Farhi and Pierre-Olivier Gourinchas. 2008a. “An M2923 - OBSTFELD 9781781006290 PRINT.indd 149 M2923 - OBSTFELD 9781781006290 PRINT.indd 149 27/06/2012 13:16 27/06/2012 13:16 Maurice Obstfeld, Dongchul Cho and Andrew Mason - 9781781006290 Downloaded from Elgar Online at 10/05/2016 04:12:15PM via CitEc (NOT FOR DISTRIBUTION, SHARING or POSTING) Global economic crisis Equilibrium Model of ‘Global Imbalances’ and Low Interest Ratesâ€. American Economic Review, 98 (1): 358–93.
Paper not yet in RePEc: Add citation now
- Caballero, Ricardo, Emmanuel Farthi and Pierre-Olivier Gourinchas. 2008b.
Paper not yet in RePEc: Add citation now
- Cerra, Valerie and Anuradha Dayal-Gulati 1999. China’s Trade Flows: Changing Price Sensitivities and the Reform Process. IMF Working Paper 99/01. Washington: International Monetary Fund.
Paper not yet in RePEc: Add citation now
- Cerra, Valerie and Sweta Chaman Saxena. 2000. An Empirical Analysis of China’s Export Behavior. IMF Working Paper 02/200. Washington: International Monetary Fund.
Paper not yet in RePEc: Add citation now
- Cheung, Yin-Wong, Menzie Chinn and Eiji Fujii. 2010. “China’s Current Account and Exchange Rateâ€. In China’s Growing Role in World Trade, edited by Robert Feenstra and Shang-Jin Wei, pp. 231–71. Chicago: University of Chicago Press for NBER.
Paper not yet in RePEc: Add citation now
Chinn, Menzie and Eswar Prasad. 2003. “Medium-Term Determinants of Current Accounts in Industrial and Developing Countries: An Empirical Explorationâ€. Journal of International Economics, 59 (1): 47–76.
Chinn, Menzie and Hiro Ito. 2006. “What Matters for Financial Development? Capital Controls, Institutions, and Interactionsâ€. Journal of Development Economics, 82: 163–92.
Chinn, Menzie and Hiro Ito. 2007. “Current Account Balances, Financial Development and Institutions: Assaying the World ‘Savings Glut’â€. Journal of International Money and Finance, 26 (4): 546–69.
Chinn, Menzie and Hiro Ito. 2008. “Global Current Account Imbalances: American Fiscal Policy versus East Asian Savingsâ€. Review of International Economics, 16 (3): 479–98.
- Chinn, Menzie and Jaewoo Lee. 2009. “Three Current Account Balances: A ‘SemiStructuralist ’ Interpretationâ€. Japan and the World Economy, 21: 202–12.
Paper not yet in RePEc: Add citation now
- Chinn, Menzie and Jeffry Frieden. 2009. “Reflections on the Causes and Consequences of the Debt Crisis of 2008â€. La Follette Policy Report, 19 (1): 1–5.
Paper not yet in RePEc: Add citation now
- Chinn, Menzie and Jeffry Frieden. 2011. The Lost Decades: The Making of America’s Debt Crisis and the Long Recovery. New York: W.W. Norton.
Paper not yet in RePEc: Add citation now
- Chinn, Menzie, Barry Eichengreen and Hiro Ito. 2011. “Rebalancing Global Growthâ€. In Ascent after Decline: Regrowing Global Economies after the Great Recession, edited by Otaviano Canuto and Danny M. Peiziger. Washington: World Bank.
Paper not yet in RePEc: Add citation now
- Chinn, Menzie. 2005. Getting Serious about the Twin Deficits. Council Special Report 10. New York: Council on Foreign Relations.
Paper not yet in RePEc: Add citation now
Chinn, Menzie. 2010. Supply Capacity, Vertical Specialization and Trade Costs: The Implications for Aggregate U.S. Trade Flow Equations. Unpublished paper (June); revision of NBER Working Paper 11719 (October 2005).
Choi, Horag, Nelson C. Mark and Donggyu Sul. 2008. “Endogenous Discounting, the World Saving Glut and the U.S. Current Accountâ€. Journal of International Economics, 75 (1): 30–53.
- Clarida, Richard. 2005a. “Japan, China, and the U.S. Current Account Deficitâ€. CATO Journal, 25 (1): 111–14.
Paper not yet in RePEc: Add citation now
- Clarida, Richard. 2005b. “Some Thoughts on ‘The Sustainability and Adjustment of Global Current Account Imbalances’â€. Speech given at the Council on Foreign Relations, 28 March.
Paper not yet in RePEc: Add citation now
- Congressional Budget Office (CBO). 2009. The Effects of Automatic Stabilizers on the Federal Budget. Washington: Congressional Budget Office.
Paper not yet in RePEc: Add citation now
- Corsetti, Giancarlo and Gernot J. Müller. 2006. “Twin Deficits: Squaring Theory, Evidence and Common Senseâ€. Economic Policy, 21 (48): 597–638.
Paper not yet in RePEc: Add citation now
- Council of Economic Advisers. 2009. Economic Report of the President, 2009. Washington, DC: US Government Printing Office.
Paper not yet in RePEc: Add citation now
- Dean, Judith M., K.C. Fung and Zhi Wang. 2007. Measuring the Vertical Specialization in Chinese Trade. Office of Economics Working Paper 2007-01-A. Washington, DC: US International Trade Commission.
Paper not yet in RePEc: Add citation now
Dooley, Michael, David Folkerts-Landau and Peter Garber. 2003. An Essay on the Revived Bretton Woods System. NBER Working Paper 9971. Boston, Massachusetts: National Bureau of Economic Research.
- Dooley, Michael, David Folkerts-Landau and Peter Garber. 2008. “Direct Investment, Rising Real Wages, and the Absorption of Excess Labor in the Peripheryâ€. In G-7 Current Account Imbalances: Sustainability and Adjustment, edited by Richard Clarida, Ch. 3. Chicago: University of Chicago Press for NBER.
Paper not yet in RePEc: Add citation now
Dowling, Thomas, Marcello Estevão and Evridiki Tsounta. 2010. The Great Recession and Structural Unemployment. United States: Selected Issues Paper, IMF Country Report 10/248. Washington: International Monetary Fund.
Eaton, Jonathan, Sam Kortum, Brent Neiman and John Romalis. 2011. Trade and the Global Recession. NBER Working Paper 16666. Cambridge, Massachusetts: National Bureau of Economic Research.
- Eichengreen, Barry and Andrew Rose. 2010. “27 Up: The Implications for China of Abandoning Its Dollar Pegâ€. Unpublished paper, University of California, Berkeley.
Paper not yet in RePEc: Add citation now
- Eichengreen, Barry and Kevin H. O’Rourke. 2010. A Tale of Two Depressions: What Do the New Data Tell Us? London: Centre for Economic Policy Research. Available at www.VoxEU.org.
Paper not yet in RePEc: Add citation now
- Fei, John C.H. and Gustav Ranis. 1964. Development of the Labor Surplus Economy: Theory and Policy. Homewood, Illinois: Richard D. Irwin, Inc.
Paper not yet in RePEc: Add citation now
Gagnon, Joseph 2011. Current Account Imbalances Coming Back. Working Paper 11-1. Washington: Peterson Institute for International Economics.
Garcia-Herrero, Alicia and Tuuli Koivu. 2007. Can the Chinese Trade Surplus Be Reduced through Exchange Rate Policy? BOFIT Discussion Papers 2007-6. Helsinki: Bank of Finland.
- Gaulier, Guillaume, Françoise Lemoine and Deniz Ünal. 2006. China’s Emergence and the Reorganization of Trade Flows in Asia. CEPII Working Paper 2006-05. Paris: Centre d’Études Prospectives et d’Informations Internationales.
Paper not yet in RePEc: Add citation now
Greenspan, Alan. 2005. “Current Accountâ€. Paper presented at the Advancing Enterprise 2005 Conference, London, 4 February.
Gruber, Joseph and Steven Kamin. 2009. “Do Differences in Financial Development Explain the Global Pattern of Current Account Imbalances?†Review of International Economics, 17 (4): 667–88.
Hummels, David, Jun Ishii and Kei-Mu Yi. 2001. “The Nature and Growth of Vertical Specialization in World Tradeâ€. Journal of International Economics, 54: 75–96.
Iacovone, Leonardo and Veronika Zavacka. 2009. “Banking Crises and Exports: Lessons from the Past for the Recent Trade Collapseâ€. In The Great Trade Collapse: Causes, Consequences and Prospects, edited by Richard Baldwin, Ch. 13. London: Centre for Economic Policy Research. Available at www.voxeu.org.
- International Monetary Fund (IMF). 2007. “Exchange Rates and the Adjustment of External Imbalancesâ€. In World Economic Outlook 2007, edited by the IMF, Ch. 3. Washington: International Monetary Fund.
Paper not yet in RePEc: Add citation now
- International Monetary Fund (IMF). 2009. “How Linkages Fuel the Fire: The Transmission of Financial Stress from Advanced to Emerging Economiesâ€. In World Economic Outlook (April 2009), edited by the IMF, Ch. 4. Washington: International Monetary Fund.
Paper not yet in RePEc: Add citation now
- International Monetary Fund (IMF). 2010. “Getting the Balance Right: Transitioning Out of Sustained Current Account Surplusesâ€. In World Economic Outlook (April 2010), edited by the IMF, Ch. 4. Washington: International Monetary Fund.
Paper not yet in RePEc: Add citation now
- Ito, Hiro and Menzie Chinn. 2010. “East Asia and Global Imbalances: Saving, Investment, and Financial Developmentâ€. In Financial Sector Development in the Pacific Rim, edited by Takatoshi Ito and Andy Rose, pp. 117–60. Chicago: University of Chicago Press for the National Bureau of Economic Research.
Paper not yet in RePEc: Add citation now
Jeanne, Olivier and Romain Rancière. 2006. The Optimal Level of International Reserves for Emerging Market Economies: Formulas and Applications. IMF Working Paper WP/06/229. Washington: International Monetary Fund.
- Johnson, Simon and James Kwak. 2010. 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. New York: Vantage Books.
Paper not yet in RePEc: Add citation now
Koopman, Robert, Zhi Wang and Shang-Jin Wei. 2008. How Much of Chinese Exports Is Really Made in China? Assessing Domestic Value-Added When Processing Trade Is Pervasive. NBER Working Paper 14109. Boston, Massachusetts: National Bureau of Economic Research.
- Kroeber, Arthur. 2010. “Economic Rebalancing. Twin Peaks: Fiscal and Financial Reformâ€. China Economic Quarterly, 14 (2): 19.
Paper not yet in RePEc: Add citation now
Kuijs, Louis. 2005. Investment and Saving in China. World Bank Working Paper WPS3633. Washington: World Bank.
Lee, Jaewoo and Menzie Chinn. 2006. “Current Account and Real Exchange Rate Dynamics in the G7 Countriesâ€. Journal of International Money and Finance, 25: 257–74.
Levchenko, Andrei A., Logan Lewis and Linda L. Tesar. 2010. “The Collapse of International Trade During the 2008–2009 Crisis: In Search of the Smoking Gunâ€. IMF Economic Review, 58: 214–53.
- Lewis, W. Arthur. 1954. “Economic Development with Unlimited Supplies of Laborâ€. Manchester School of Economic and Social Studies, 22: 139–91.
Paper not yet in RePEc: Add citation now
- M2923 - OBSTFELD 9781781006290 PRINT.indd 150 M2923 - OBSTFELD 9781781006290 PRINT.indd 150 27/06/2012 13:16 27/06/2012 13:16 Maurice Obstfeld, Dongchul Cho and Andrew Mason - 9781781006290 Downloaded from Elgar Online at 10/05/2016 04:12:15PM via CitEc (NOT FOR DISTRIBUTION, SHARING or POSTING) Imbalances, overheating and the prospects for global recovery 151 Cline, William. 2010. Renminbi Undervaluation, China’s Surplus, and the US Trade Deficit. Policy Brief 10-20. Washington, DC: Peterson Institute for International Economics.
Paper not yet in RePEc: Add citation now
- M2923 - OBSTFELD 9781781006290 PRINT.indd 151 M2923 - OBSTFELD 9781781006290 PRINT.indd 151 27/06/2012 13:16 27/06/2012 13:16 Maurice Obstfeld, Dongchul Cho and Andrew Mason - 9781781006290 Downloaded from Elgar Online at 10/05/2016 04:12:15PM via CitEc (NOT FOR DISTRIBUTION, SHARING or POSTING) Global economic crisis Gruber, Joseph and Steven Kamin. 2007. “Explaining the Global Pattern of Current Account Imbalancesâ€. Journal of International Money and Finance, 26: 500–522.
Paper not yet in RePEc: Add citation now
M2923 - OBSTFELD 9781781006290 PRINT.indd 153 M2923 - OBSTFELD 9781781006290 PRINT.indd 153 27/06/2012 13:16 27/06/2012 13:16 Maurice Obstfeld, Dongchul Cho and Andrew Mason - 9781781006290 Downloaded from Elgar Online at 10/05/2016 04:12:15PM via CitEc (NOT FOR DISTRIBUTION, SHARING or POSTING) Global economic crisis Weidner, Justin and John C. Williams. 2011. Update of “How Big Is the Output Gap?â€. San Francisco: Federal Reserve Bank of Francisco. Posted 7 July 2011, available at www.frbsf.org/publications/economics/letter/2009/e12009-19update. pdf.
- M2923 - OBSTFELD 9781781006290 PRINT.indd 154 M2923 - OBSTFELD 9781781006290 PRINT.indd 154 27/06/2012 13:16 27/06/2012 13:16 Maurice Obstfeld, Dongchul Cho and Andrew Mason - 9781781006290 Downloaded from Elgar Online at 10/05/2016 04:12:15PM via CitEc (NOT FOR DISTRIBUTION, SHARING or POSTING)
Paper not yet in RePEc: Add citation now
- Ma, Guonan and Wang Yi. 2010. China’s High Saving Rate: Myth and Reality. BIS Working Paper 312. Basel: Bank for International Settlements.
Paper not yet in RePEc: Add citation now
- Marquez, Jaime and John W. Schindler. 2007. “Exchange-Rate Effects on China’s M2923 - OBSTFELD 9781781006290 PRINT.indd 152 M2923 - OBSTFELD 9781781006290 PRINT.indd 152 27/06/2012 13:16 27/06/2012 13:16 Maurice Obstfeld, Dongchul Cho and Andrew Mason - 9781781006290 Downloaded from Elgar Online at 10/05/2016 04:12:15PM via CitEc (NOT FOR DISTRIBUTION, SHARING or POSTING) Imbalances, overheating and the prospects for global recovery 153 Tradeâ€. Review of International Economics, 15 (5): 837–53. Also published as International Finance and Discussion Papers 861 (Washington: Federal Reserve Board, 2006).
Paper not yet in RePEc: Add citation now
- Mendoza, Enrique G., Vincenzo Quadrini and Jose-Victor RÃos-Rull. 2009. “Financial Integration, Financial Deepness and Global Imbalancesâ€. Journal of Political Economy, 117 (3): 317–416.
Paper not yet in RePEc: Add citation now
- Mora, Jesse and William M. Powers. 2009. “Did Trade Credit Problems Deepen the Great Trade Collapse?†In The Great Trade Collapse: Causes, Consequences and Prospects, edited by Richard Baldwin, Ch. 14. London: Centre for Economic Policy Research. Available at www.voxeu.org.
Paper not yet in RePEc: Add citation now
Nason, James M. and John H. Rogers. 2006. “The Present Value Model of the Current Account Has Been Rejected: Round Up the Usual Suspectsâ€. Journal of International Economics, 68: 159–87.
Obstfeld, Maurice and Kenneth Rogoff 2009. “Global Imbalances and the Financial Crisis: Products of Common Causesâ€. Paper presented at the Asia Economic Policy Conference, Federal Reserve Bank of San Francisco, Santa Barbara, California, 18–20 October.
- Organisation for Economic Co-operation and Development (OECD). 2009. Economic Outlook 85. Paris: Organisation for Economic Co-operation and Development.
Paper not yet in RePEc: Add citation now
Prasad, Eswar and Shang-Jin Wei. 2005. The Chinese Approach to Capital Inflows: Patterns and Possible Explanations. IMF Working Paper 05/79. Washington: International Monetary Fund.
Prasad, Eswar. 2009. Rebalancing Growth in Asia. Working Paper 15169. Cambridge, Massachusetts: National Bureau of Economic Research.
Rissman, Ellen R. 2009. “Employment Growth: Cyclical Movements or Structural Change?†Chicago Fed Economic Perspectives, 2009 (4th quarter): 40–57.
- Rodrik, Dani. 2008. “The Real Exchange Rate and Economic Growthâ€. Brookings Papers on Economic Activity, 2008-2 (fall): 365–412.
Paper not yet in RePEc: Add citation now
- Roubini, Nouriel and Stephen Mihm. 2010. Crisis Economics: A Crash Course in the Future of Finance. New York: Penguin Press.
Paper not yet in RePEc: Add citation now
- Stiglitz, Joseph E. 2010. Freefall: America, Free Markets, and the Sinking of the World Economy. New York: W.W. Norton.
Paper not yet in RePEc: Add citation now
- Stock, James H. and Mark W. Watson. 1993. “A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systemsâ€. Econometrica, 61 (4): 783–820.
Paper not yet in RePEc: Add citation now
Thorbecke, Willem and Gordon Smith. 2010. “How Would an Appreciation of the Renminbi and Other East Asian Currencies Affect China’s Exports?†Review of International Economics, 18 (1): 95–108.
Truman, Edwin. 2005. “Budget and External Deficits: Not Twins but the Same Familyâ€. Paper presented at the Symposium on the Revived Bretton Woods System: A New Paradigm for Asian Development? Federal Reserve Bank of San Francisco, February.
Valletta, Robert and Aisling Cleary. 2008. “Sectoral Reallocation and Unemploymentâ€. FRBSF Economic Letter, 2008-32 (17 October). Available at www.frbsf.org.
Valletta, Robert and Katherine Kuang. 2010. “Is Structural Unemployment on the Rise?†FRBSF Economic Letter, 2010-34 (8 November). Available at www. frbsf.org.
World Bank. 2010b. Global Economic Prospects. Washington, DC: World Bank.