一、关于美国贸易赤字的流行观点及其缺陷近几年来,随着美国贸易赤字的进一步积累和90年代高增长周期的结束,越来越多的学者开始关注美国的贸易赤字问题。到目前为止,有三种主要的分析视角:第一种,关注外部均衡问题,主要是国际贸易层面的分析,把美国贸易赤字的根源归为汇率和汇 I. Popular Views and Shortcomings on the U.S. Trade Deficit In recent years, with the further accumulation of the U.S. trade deficit and the end of the high growth cycle in the 1990s, more and more scholars began to pay attention to the U.S. trade deficit. So far, there are three main analytical perspectives: the first one focuses on the problem of external equilibrium, mainly on the analysis of the international trade level and attributs the root causes of the U.S. trade deficit to exchange rate and exchange rate