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The Cost of America’s Free Lunch. CEPS Commentary, 10 November 2010

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: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: 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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