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Untangling the US Deficit
Untangling the US
Deficit
Evaluating Causes, Cures and Global
Imbalances
Richard A. Iley
Senior Economist, US and Canada, BNP Paribas, New York,
USA
Mervyn K. Lewis
Professor of Banking and Finance, University of South
Australia and Fellow of the Academy of Social Sciences,
Australia
Edward Elgar
Cheltenham, UK • Northampton, MA, USA
© Richard A. Iley and Mervyn K. Lewis 2007
All rights reserved. No part of this publication may be reproduced, stored in
a retrieval system or transmitted in any form or by any means, electronic,
mechanical or photocopying, recording, or otherwise without the prior
permission of the publisher.
Published by
Edward Elgar Publishing Limited
Glensanda House
Montpellier Parade
Cheltenham
Glos GL50 1UA
UK
Edward Elgar Publishing, Inc.
William Pratt House
9 Dewey Court
Northampton
Massachusetts 01060
USA
A catalogue record for this book
is available from the British Library
Library of Congress Cataloging in Publication Data
Iley, Richard A., 1970–
Untangling the US deficit : evaluating causes, cures and global imbalances
/ by Richard A. Iley and Mervyn K. Lewis.
p. cm.
Includes bibliographical references and index.
1. Budget deficits—United States. I. Lewis, Mervyn. II. Title.
HJ2051.I63 2007
339.5′230973—dc22
2007000735
ISBN 978 1 84542 920 1
Printed and bound in Great Britain by MPG Books Ltd, Bodmin, Cornwall
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