Reposted by Peter Pihos
13/14
Obstfeld's loyalty to American agency probably isn't just a matter of patriotism. I suspect that it is mainly because for his models of the US economy to work, the US must have total agency, which means, in a globalized world, that the rest of the world cannot.
Obstfeld's loyalty to American agency probably isn't just a matter of patriotism. I suspect that it is mainly because for his models of the US economy to work, the US must have total agency, which means, in a globalized world, that the rest of the world cannot.
March 5, 2025 at 10:02 AM
13/14
Obstfeld's loyalty to American agency probably isn't just a matter of patriotism. I suspect that it is mainly because for his models of the US economy to work, the US must have total agency, which means, in a globalized world, that the rest of the world cannot.
Obstfeld's loyalty to American agency probably isn't just a matter of patriotism. I suspect that it is mainly because for his models of the US economy to work, the US must have total agency, which means, in a globalized world, that the rest of the world cannot.
Reposted by Peter Pihos
11/14
He cannot consider the idea that domestic saving rates in these countries can be driven by domestic policies and conditions, and can in turn drive the savings rates of the US, even though it is an economy with a totally open capital account, a very flexible and...
He cannot consider the idea that domestic saving rates in these countries can be driven by domestic policies and conditions, and can in turn drive the savings rates of the US, even though it is an economy with a totally open capital account, a very flexible and...
March 5, 2025 at 10:02 AM
11/14
He cannot consider the idea that domestic saving rates in these countries can be driven by domestic policies and conditions, and can in turn drive the savings rates of the US, even though it is an economy with a totally open capital account, a very flexible and...
He cannot consider the idea that domestic saving rates in these countries can be driven by domestic policies and conditions, and can in turn drive the savings rates of the US, even though it is an economy with a totally open capital account, a very flexible and...
Reposted by Peter Pihos
9/14
So is China's extraordinarily high savings rates, or the moderately low savings rate of the US, more likely to have caused the global savings imbalances? As a good American, Obstfeld cannot imagine that foreigners could determine US saving rates.
So is China's extraordinarily high savings rates, or the moderately low savings rate of the US, more likely to have caused the global savings imbalances? As a good American, Obstfeld cannot imagine that foreigners could determine US saving rates.
March 5, 2025 at 10:02 AM
9/14
So is China's extraordinarily high savings rates, or the moderately low savings rate of the US, more likely to have caused the global savings imbalances? As a good American, Obstfeld cannot imagine that foreigners could determine US saving rates.
So is China's extraordinarily high savings rates, or the moderately low savings rate of the US, more likely to have caused the global savings imbalances? As a good American, Obstfeld cannot imagine that foreigners could determine US saving rates.
(1) Can you relate this to growth in general? Is it because the economy is better under Democrats?
(2) How much do extraordinary events (2008, 2020) result in drops under Republicans?
(2) How much do extraordinary events (2008, 2020) result in drops under Republicans?
March 4, 2025 at 10:04 PM
(1) Can you relate this to growth in general? Is it because the economy is better under Democrats?
(2) How much do extraordinary events (2008, 2020) result in drops under Republicans?
(2) How much do extraordinary events (2008, 2020) result in drops under Republicans?