Barro+PP-Ch.17

Barro+PP-Ch.17 - trade balance = exports − imports –...

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Macroeconomics - Barro Chapter 17 1 History of the U.S. Current-Account Balance
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Macroeconomics - Barro Chapter 17 2 History of the U.S. Current-Account Balance
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Macroeconomics - Barro Chapter 17 3 History of the U.S. Current-Account Balance
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Macroeconomics - Barro Chapter 17 4 Determinants of the Current- Account Balance
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Macroeconomics - Barro Chapter 17 5
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Macroeconomics - Barro Chapter 17 6 The Volume of International Trade The trade balance is given by trade balance = Y t − ( C t + I t + G t )
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Unformatted text preview: trade balance = exports − imports – trade balance = net exports Macroeconomics - Barro Chapter 17 7 The Volume of International Trade • When we studied the impact of the home country’s technology level, A , and other variables on the current-account balance, the effects worked through changes in net exports. • However, the model has nothing to say about the volume of international trade— that is, the absolute levels of exports and imports....
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This note was uploaded on 02/19/2011 for the course ECON 251 taught by Professor Blanchard during the Spring '08 term at Purdue.

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Barro+PP-Ch.17 - trade balance = exports − imports –...

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