Policy insights

Policy Insights

Policy Insight 54: Global imbalances and the paradox of thrift

Max Corden

8 Apr 2011

Global imbalances are often cited as one of the principal causes of the global financial crisis that began in 2008, with particular criticism directed at surplus countries. CEPR Policy Insight 54 analyses these views rigorously.

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Corden, M (2011), Policy Insight 54: Global imbalances and the paradox of thrift, CEPR Policy Insight No 54, CEPR Press, Paris & London. https://cepr.org/publications/policy-insight-54-global-imbalances-and-paradox-thrift