IMF Staff Country Reports

United States: Selected Issues

August 1, 2007

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United States: Selected Issues, (USA: International Monetary Fund, 2007) accessed December 22, 2024

Summary

The size and sources of international spillovers of activity remain subject to significant uncertainty. This Selected Issues paper uses a new approach to differentiating these effects using disturbances to a diverse group of small industrial countries as a proxy for global shocks. The results from the baseline vector autoregressions suggest that shocks to the United States are significant for foreign activity. The paper also evaluates alternative explanations for the easy financing of the U.S. current account deficit in recent years.

Subject: Banking, Financial institutions, Financial sector policy and analysis, Financial services, Investment banking, Loans, Mortgages, Securities, Spillovers

Keywords: Country financing, CR, East Asia, GDP, Global, Inflation expectation, Investment banking, ISCR, Loans, Market, Mortgages, Net lending, Revenue-GDP ratio, Savings glut hypothesis, Securities, Spillovers

Publication Details

  • Pages:

    61

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/265

  • Stock No:

    1USAEA2007002

  • ISBN:

    9781451839692

  • ISSN:

    1934-7685