‘Explaining American Trade Deficits: The Unidirectionality Error’ – Kenneth Austin, US Department of Treasury (Retired)
‘Explaining American Trade Deficits: The Unidirectionality Error’ – Kenneth Austin, US Department of Treasury (Retired)
Ken Austin is a recently retired Treasury Department economist. On his own time, he has written several articles about one of the most consequent and controversial subjects in economics: Global Trade Imbalances. The most recent article, American trade deficits and the unidirectionality error (free download, found here), explains why a simple but egregious cascade of […]