1. what is meant by a " hard - landing" adjustment to global inbalance?
2. what combination of domestic ci\onditions would worsen a hard- landing?
3. what specific global imbalance are indentified? why are these of major concern?
4. why do economists disagree about the likelihood of a haerd- landing?
5. why are countries that hold large dollar reserves effectively supporting the U.S dollar and helping the fed keep U.S. inflation and interest rates relatively low?
6. what effects might a decision by these countries to diversify their interrational reserve holdings have on the dollar and what problems might it create for U.S monetary policy?
7.is a hard landing likely to occurr as a result of this diversitication?why?
8. would adoption of format inflation target enhance rate fluctuation's and other international economic shocks? why?