Financing the U.S. Trade Deficit: Role of Foreign Governments

Labonte, Marc

Library of Congress. Congressional Research Service.

关键词: Economic policy;    Balance of trade;    Trade;    Finance;    Financial crises;   

RP-ID  :  RS21951
RP-ID  :  RS51951_2009Jun29

美国|英语

来源: UNT Digital Library

【 摘 要 】

The nation's trade deficit is equal to the imbalance between national investment and national saving. The financial turmoil and economic contraction during 2008 reduced the gap between national saving and investment. The result was a decline in the trade deficit and the net inflow of capital. If total net capital inflows decline, mainstream economics suggests, all else held constant, that the dollar and trade deficit would decline, U.S. interest rates would rise, and U.S. spending on capital goods and consumer durables would fall, all else equal.