IDEAS home Printed from https://ideas.repec.org/a/fip/fedfel/y2000idec.22n2000-37.html
   My bibliography  Save this article

Should we worry about the large U.S. current account deficit?

Author

Listed:
  • Paul R. Bergin

Abstract

Is the large current account deficit a problem for the U.S.? Economic theory offers some scenarios in which a current account deficit is a rational response to economic conditions or a response that may even enhance economic welfare. At the same time, recent research suggests that under certain circumstances, a large current account deficit may make the U.S. economy vulnerable to severe disruptions. This Economic Letter explores some recent theories and some data to understand how the current account deficit could be either an optimal outcome or a threatening one.

Suggested Citation

  • Paul R. Bergin, 2000. "Should we worry about the large U.S. current account deficit?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue dec.22.
    • Handle: RePEc:fip:fedfel:y:2000:i:dec.22:n:2000-37
    as

    Download full text from publisher

    File URL: http://www.frbsf.org/econrsrch/wklyltr/2000/el2000-37.html
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedfel:y:2000:i:dec.22:n:2000-37. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Federal Reserve Bank of San Francisco Research Library (email available below). General contact details of provider: https://edirc.repec.org/data/frbsfus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.