The Dot-com Bubble, the Bush Deficits, and the U.S. Current Account

The Dot-com Bubble, the Bush Deficits, and the U.S. Current Account
Author :
Publisher : World Bank Publications
Total Pages : 47
Release :
ISBN-10 :
ISBN-13 :
Rating : 4/5 ( Downloads)

Book Synopsis The Dot-com Bubble, the Bush Deficits, and the U.S. Current Account by : Aart Kraay

Download or read book The Dot-com Bubble, the Bush Deficits, and the U.S. Current Account written by Aart Kraay and published by World Bank Publications. This book was released on 2005 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors challenge this view here and develop two alternative interpretations. Both are based on the notion that a bubble (the "dot-com" bubble) has been driving the stock market, but differ in their assumptions about the interactions between this bubble and fiscal policy (the "Bush" deficits). The "benevolent" view holds that a change in investor sentiment led to the collapse of the dot-com bubble and the Bush deficits were a welfare-improving policy response to this event. The "cynical" view holds instead that the Bush deficits led to the collapse of the dot-com bubble as the new administration tried to appropriate rents from foreign investors. The authors discuss the implications of each of these views for the future evolution of the U.S. economy and, in particular, its net foreign asset position."


The Dot-com Bubble, the Bush Deficits, and the U.S. Current Account Related Books

The Dot-com Bubble, the Bush Deficits, and the U.S. Current Account
Language: en
Pages: 47
Authors: Aart Kraay
Categories: Balance of payments
Type: BOOK - Published: 2005 - Publisher: World Bank Publications

GET EBOOK

The authors challenge this view here and develop two alternative interpretations. Both are based on the notion that a bubble (the "dot-com" bubble) has been dri
The Dot-Com Bubble, the Bush Deficits, and the U.S. Current Account
Language: en
Pages:
Authors: Aart Kraay
Categories:
Type: BOOK - Published: 2012 - Publisher:

GET EBOOK

Over the past decade the United States has experienced widening current account deficits and a steady deterioration of its net foreign asset position. During th
G7 Current Account Imbalances
Language: en
Pages: 518
Authors: Richard H. Clarida
Categories: Business & Economics
Type: BOOK - Published: 2007-11-01 - Publisher: University of Chicago Press

GET EBOOK

The current account deficit of the United States is more than six percent of its gross domestic product—an all-time high. And the rest of the world, including
The Financial Crisis Inquiry Report
Language: en
Pages: 692
Authors: Financial Crisis Inquiry Commission
Categories: Political Science
Type: BOOK - Published: 2011-05-01 - Publisher: Cosimo, Inc.

GET EBOOK

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government repo
Political Economy of Development in Turkey
Language: en
Pages: 365
Authors: Emre Özçelik
Categories: Political Science
Type: BOOK - Published: 2022-03-10 - Publisher: Springer Nature

GET EBOOK

Adopting a political-economy perspective, this book is an original collection of research chapters that focus on Turkey’s economic-development experience from