Chapter 7: Current Account Imbalances: Can Structural Policies Make a Difference?
- Ashoka Mody
- Published Date:
- April 2013
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- Anna IvanovaThe author is grateful for invaluable support and guidance from Ashoka Mody. She also thanks Fabian Bornhorst for allowing her to use some of his analysis. The chapter has benefited from the insightful comments by participants at several workshops at the Germany in an Interconnected World Economy conference organized by the Federal Ministry of Finance of Germany, with particular thanks to the discussant, Carsten-Patrick Meier; “Preventing and Correcting Macro Economic Imbalances in the Euro Area” co-organized by the Central Bank of the Netherlands and the IMF; and the IMF internal group on macroeconomic imbalances in Europe. Special thanks also go to Akito Matsumoto for helpful discussions. Susan Becker provided valuable research assistance.