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dc.contributor.authorChinn, Menzie D.en_US
dc.date.accessioned2009-09-09T17:56:51Z
dc.date.available2009-09-09T17:56:51Z
dc.date.issued2005en_US
dc.identifier.other2005-015en_US
dc.identifier.urihttp://digital.library.wisc.edu/1793/36204
dc.description.abstractThis paper examines the stability of import and export demand functions for the United States from the first quarter of 1975 to the second quarter of 2001. Analysis readily identifies an export demand function, with a structural break in the import demand function in 1995 that is rectified by excluding computers and parts from the import series. The resulting point estimates confirm the persistence of the income asymmetry. One policy implication of these findings is that dollar depreciation unaccompanied by a realignment of growth trends is insufficient to substantially reduce the U.S. trade deficit.en_US
dc.language.isoen_USen_US
dc.relation.ispartofseriesLa Follette School Working Papersen_US
dc.titleDoomed to Deficits? Aggregate U.S. Trade Flows Re-Examineden_US
dc.typeWorking paperen_US


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