How to Control Global Imbalance

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In this project, we tried to examine the feasibility of the global imbalance adjustment both theoretically and empirically. The emergence of huge external imbalances in the world economy had been a peculiar phenomenon in 2000s. Consequently, the research fields include not only the change of current account but also the movements of flow of funds from net and gloss sides and transmission mechanism of macroeconomic policy in the advanced economy. Our research member held a research meeting on a regular basis and made progress in our studies.This project was finally succeeded as a publication of the academic book titled The empirical study of Global money flow: the new challenging subject after financial crisis. In this book we gained success to investigate empirically the possibility and feasibility of the global imbalance from various perspectives and it has draws many academicians'attention.