Tag Archives: International trade

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:

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.

Continue reading Full employment and trade deficits: PK v. JB re $ | Jared Bernstein | On the Economy