Wednesday, January 18, 2017

Brian Romanchuk — Trade And Growth

This article is a brief discussion of the relationship between growth and trade deficits in the United States. The previous two decades saw a marked deterioration in the U.S. trade balance, as depicted in the chart above. As a result, trade acted as a counter-cyclical brake on growth. One interesting property of the current cycle is that the trade deficit has been relatively stable when compared to that experience....
Bond Economics
Trade And Growth
Brian Romanchuk

1 comment:

Matthew Franko said...

" the current cycle is that the trade deficit has been relatively stable"

Oil.