But the savings glut is an independent driver of low global rates, and because the United States tends to have a very interest-elastic response to low interest rates due to the housing sector, it's not surprising that our current account deficit
has grown over this time.
Variance Decomposition states that in the first period the budget deficit
is fully explained by itself, however from the next period it is 85% explained by itself and rest of the 15% variation is explained by the trade deficit
and this phenomenon remains constant till the tenth period.
According to Bulgaria's revised 2010 State Budget Act approved in June, the expected 2010 budget deficit
Suppose, for the sake of argument, that Hoover had managed to balance the budget, or that the current Congress reduces the deficit
to zero in, say, the year 2002 (the target year mentioned in the proposed legislation).
At admission, 46 patients displayed an enduring deficit
syndrome, which includes lack of emotion, absence of interest in social activities, sparse communication with others, and little sense of purpose in life.
The partnership agreement contained no unconditional deficit
restoration provision; therefore, the general partners were obligated to restore capital accounts only to the extent necessary to pay creditors.
KARACHI -- Current Account Deficit
witnessed downslide during the current fiscal year.
The balance of payments posted deficits
in January 2007, 2008, 2010 and 2011.
over the last year was not quite as large because spending rose 7 percent while tax revenues jumped 12 percent.
Democrats have attacked the soaring trade deficits
as evidence that the Bush administration's trade policy has been a failure that has opened up U.
About $650,000 of the deficit
was revenue-related, Mr.
While the definition of learning disabilities has been the subject of controversy for decades, the current federal classification system identifies three specific areas of deficit
: reading, written language, and mathematics and maintains the presumption that the disabilities are a result of a central nervous system dysfunction, in contrast to the expansive literature base in language arts, research on math disability is far less developed and continues to lack an empirically-based identification of core deficits
As a nation, we have a mounting education deficit
, energy deficit
, budget deficit
, health care deficit
and ambition deficit
Any country that runs a current account deficit
like ours and experiences an inflow of foreign savings will find that its domestic investment exceeds its domestic savings by exactly that amount, assuming no measurement error.
Myth #1: The federal budget deficit
is the result of uncontrollable circumstances.