Gros, Daniel. (2010) The Cost of America’s Free Lunch. CEPS Commentary, 10 November 2010. [Policy Paper]
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Abstract
For decades, the world has complained that the dollar’s role as global reserve currency has given the US guaranteed access to cheap money. But there is no free lunch: in this Commentary, CEPS Director Daniel Gros tells the US that it must choose between job creation, which requires a more competitive exchange rate, and cheap financing of its external and fiscal deficits.
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| Item Type: | Policy Paper |
|---|---|
| Subjects for non-EU documents: | EU policies and themes > External relations > EU-US EU policies and themes > External relations > international economy EU policies and themes > Policies & related activities > economic and financial affairs > economic policy |
| Subjects for EU documents: | UNSPECIFIED |
| EU Series and Periodicals: | UNSPECIFIED |
| EU Annual Reports: | UNSPECIFIED |
| Series: | Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries |
| Depositing User: | Phil Wilkin |
| Official EU Document: | No |
| Language: | English |
| Date Deposited: | 07 Dec 2010 |
| Page Range: | p. 2 |
| Last Modified: | 15 Feb 2011 18:39 |
| URI: | http://aei.pitt.edu/id/eprint/15187 |
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