Different german also japanese policies may facilitate

Reference no: EM1326845

Fiscal and monetary expansion

After 1985, the United States asked Germany and Japan to adopt fiscal and monetary expansion as ways of increasing foreign demand for U.S. output and reducing the American current account deficit. Would fiscal expansion by Germany and Japan have accomplished these goals? What about monetary expansion? Would your answer change if you thought different German and Japanese policies might facilitate different U.S. policies.

Reference no: EM1326845

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