The United States : Spillover Report: 2011 Article IV Consultation

Publication Date: July 25, 2011
Electronic Access: Free Full text (PDF file size is 4,845KB).
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Summary: The size of the U.S. economy and, in particular, the global dominance of its financial markets creates uniquely large policy spillovers. Concerns that the end of QE2 could lead to a rapid reversal of emerging market capital flows appear overblown. A credible plan for a gradual U.S. fiscal consolidation would likely have limited short-term spillovers and substantial longer-term benefits. Overall, U.S. and foreign goals appear better aligned for U.S. fiscal and financial policies than for monetary policies. Fiscal consolidation and sounder financial regulation will help.
Series: Country Report No. 11/203
Subject(s): Article IV consultation reports | Banking sector | Capital | Fiscal consolidation | Sovereign debt | Spillovers

Publication Date: July 25, 2011
ISBN/ISSN: 9781462317349/1934-7685 Format: Paper
Stock No: 1USAEA2011003 Pages: 77
US$18.00 (Academic Rate:
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