Publications

Strategic Analysis | January 2000

Interim Report

Notes on the U.S. Trade and Balance of Payments Deficits

If the United States’ balance of trade does not improve, the country could eventually find itself in a “debt trap,” the author says. The aim of this paper, the second in a series offering Godley’s strategic analysis, is to display what seems reasonably likely to happen if world output recovers but otherwise past trends, policies, and relationships continue. The potential usefulness of the exercise is to warn policymakers of dangers that may exist and to help them think out what policy instruments are, or should be made, available to deal with worst cases, should they arise.


Publication Highlight

One-Pager No. 53
Falling Labor Force Participation
Demographics or Lack of Jobs?
Author(s): Flavia Dantas, L. Randall Wray
February 2017

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