Industrial nations helped the US export its way out of trouble in the 1980s but are now less inclined to assist America with economic problems of its own making.
Determining the neutral rate can determine how much stimulus an economy requires, and important policy implications follow if present low estimates are correct.
Given Australia's disappointment over Canada's last-minute TPP snub, Trade Minister Steven Ciobo likely had no hesitation in lodging the complaint over wine.
Three analyses of Asia's business environment have highlighted the economic diplomacy challenges involved in reaping the White Paper's promised opportunity.