April 23, 2007

Research says falls in housing and equity prices, not exchange rates help reduce US trade imbalances

Writing about web page http://www2.warwick.ac.uk/newsandevents/pressreleases/research_says_falls/

Researchers at the University of Warwick and the European Central Bank have just published research that shows falls in US asset prices such as housing and equities have a substantially more important role for reducing US trade imbalances than changes in the US dollar exchange rate.


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