Tag Archives: currency
Jared Bernstein: Full Employment, Trade Deficits, and the Savings Glut:
A Fascinating Debate in the Macro Blogosphere
Jared Bernstein | On the Economy | April 2nd, 2015
The macro blogosphere is on fire, as Bernanke, Summers, and Krugman are having a fascinating discussion that starts with secular stagnation (persistently weak demand, even in expansions), adds a strong dose of international trade with an emphasis on the Bernanke savings glut observations, and thus speaks to a lot of what we think about here at OTE.
Continue reading Jared Bernstein: Full Employment, Trade Deficits, and the Savings Glut:
Jared Bernstein: CBPP Forum: Full Employment
Our full employment event…the video!
Watch it here, where ‘it’ is the event CBPP ran yesterday for our full employment project. Ben Bernanke–now a fellow blogger(!)–gave a great keynote speech wherein he made a connection that I view as very important: adding an international dimension to the secular stagnation discussion.
Continue reading Jared Bernstein: CBPP Forum: Full Employment
Jared Bernstein: Full #employment, trade deficits, and the dollar as reserve currency
By Jared Bernstein
October 7, 2014
Full employment, trade deficits, and the dollar as reserve currency. What are the connections?
I’ve been looking for an excuse to scratch out a few lines about the connections between full employment, the trade deficit, and dollar policy—connections that understandably don’t jump out at everyone—and I’ve found a particularly good one.
Full employment and trade deficits: PK v. JB re $ | Jared Bernstein | On the Economy
By Jared Bernstein
October 8, 2014
Paul K’s agrees with me on the core aspects of my post yesterday regarding our persistent trade deficits as a barrier to full employment, but disagrees the dollars status as a reserve currency has much to do with it.