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Federal Reserve Bank of St. Louis
The Regional Economist
Understanding the Roots of the U.S. Trade Deficit
Brian Reinbold
Yi Wen
Abstract

The rise of the U.S. dollar as an international reserve currency and a shift in comparative advantage in manufacturing are key economic changes driving the large U.S. trade deficit.


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Brian Reinbold & Yi Wen, "Understanding the Roots of the U.S. Trade Deficit" , Federal Reserve Bank of St. Louis, The Regional Economist, volume 26, issue 3, 2018.
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