bruegel -新型全球失衡 为何值得关注、为何当下凸显、应如何应对 The new global imbalances why care, why now and what should be done.pdfVIP

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bruegel -新型全球失衡 为何值得关注、为何当下凸显、应如何应对 The new global imbalances why care, why now and what should be done.pdf

THENEWGLOBAL

IMBALANCES:WHYCARE,

WHYNOWANDWHAT

SHOULDBEDONE?

BeatriceWederdiMauro

andJerominZettelmeyer

Globalimbalancesareback:since2018,thesums

ofcurrentaccountsurplusesanddeficitshave

eachincreasedbyabout30percent,reaching

theirhighestlevelssince2012.Historyshowsthat

imbalancestriggertradetensionsandoftenendin

financialcrises.Drawingonthe2026CEPR-Bruegel

ParisReport,thisessayanalysesthe

causesof,andremediesfor,external

imbalances,andwhatcountries

shoulddoiftheydonotdecline.

BRUEGELESSAYA

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