Global imbalances are baaaackkkk

Amol Agrawal
Global imbalances was a hot topic of research before 2008 crisis. Global imbalances were also central to the Bretton Woods agreement. Global imbalances have made another comeback. There are two recent research on global imbalances. As part of the French Presidency of the G7, a distinguished panel of economists including Chong-En Bai, Gita Gopinath, London Business School’s Hélène Rey, and Axel Weber, has presented a comprehensive report on global imbalances to the President of the French...