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Can the Growth in the U.S. Current Account Deficit Be Sustained?: The Growing Burden of Servicing Foreign-Owned U.S. Debt

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Author Info
Dimitri B. Papadimitriou
Edward Chilcote
Gennaro Zezza

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Abstract

Can the growth in the U.S. current account deficit be sustained? How does the flow of deficits feed the stock of debt? And how will the burden of servicing this debt affect future deficits and economic growth? These are some of the questions we address in this Strategic Analysis....

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Paper provided by Levy Economics Institute, The in its series Economics Strategic Analysis Archive with number sa_may_06.

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Date of creation: May 2006
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Handle: RePEc:lev:levysa:sa_may_06

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This paper has been announced in the following NEP Reports: References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Wynne Godley & Dimitri B. Papadimitriou & Claudio H. Dos Santos & Gennaro Zezza, 2005. "The United States and Her Creditors: Can the Symbiosis Last?," Economics Strategic Analysis Archive sa_sep_05, Levy Economics Institute, The. [Downloadable!]
  2. Terry McKinley, 2006. "The monopoly of global capital flows: Who needs structural adjustment now?," Working Papers 12, International Policy Centre for Inclusive Growth. [Downloadable!]
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  1. Rudiger von Arnim, 2007. "Short-Run Adjustment in a Global Model of Current Account Imbalances," SCEPA Working Papers 2007-7, Schwartz Center for Economic Policy Analysis (SCEPA), The New School. [Downloadable!]
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