CESifo Forum 4/2007 (Winter)

Focus: The US Current Account Deficit: The dollar and the global imbalances (C. Fred Bergsten) - Why a large US deficit is likely to persist (Richard N. Cooper) - The US current account deficits and the dollar standard’s sustainability: A monetary approach (Ronald I. McKinnon) - Possible depreciation of the US dollar for unsustainable current account deficit in the United States (Eiji Ogawa and Takeshi Kudo) - US current account deficit: No reason to panic! (Bernhard Gräf), Specials: Europe’s future after the European Council meeting of June 2007: A panel discussion (Massimo Bordignon, Daniel Gros, Gérard Roland, André Sapir and Mika Widgrén) - Fiscal policy in EMU after the reform of the european stability and growth pact (Manfred Weber and Karl Knappe) - China – opportunities of and constraints on the new global player (Horst Siebert), Spotlights: Global growth prospects for 2008, Trends: Statistics Update