Global Rebalancing with Gravity: Measuring the Burden of Adjustment
---- Acknowledgements -----
Prepared for the International Monetary Fund's Eighth Annual Jacques Polak Research Conference, 2007. We have benefitted from comments by our discussant, Doireann Fitzgerald. Eaton and Kortum gratefully acknowledge the support of the National Science Foundation. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.