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Prof. Paul Wachtel & co-author discuss their recent paper on financial imbalances in the US economy

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Excerpt from EconoMonitor -- "In our new paper — 'The Making of America’s Imbalances' — we examine the evolution of sectoral financial balances in the US economy in the past 50 years using the Flow of Funds accounts. Specifically, we look at the changes in the financing flows among the different sectors of the US economy – households, business, government and the rest of the world."

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