Might the United States continue to run large current account deficits?
It is often argued that the United States cannot continue for long to run current account deficits of their current size of 5 per cent of Gross Domestic Product (GDP). This article questions this conventional wisdom by examining the implications were the United States to continue to run current account deficits of 5 per cent of GDP for the next ten years.
Volume (Year): (2004)
Issue (Month): 2 (August)
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- Philip Lane & Gian Maria Milesi-Ferretti, 2001.
"Long-Term Capital Movements,"
Trinity Economics Papers
200112, Trinity College Dublin, Department of Economics.
- Philip Lane & Gian Maria Milesi-Ferretti, 2001. "Long-Term Capital Movements," CEG Working Papers 20018, Trinity College Dublin, Department of Economics.
- Philip R. Lane & Gian Milesi-Ferretti, 2001. "Long-Term Capital Movements," NBER Working Papers 8366, National Bureau of Economic Research, Inc.
- Lane, Philip R. & Milesi-Ferretti, Gian Maria, 2001. "Long-Term Capital Movements," CEPR Discussion Papers 2873, C.E.P.R. Discussion Papers.
- Philip R. Lane & Gian M Milesi-Ferretti, 2001. "Long-Term Capital Movements," IMF Working Papers 01/107, International Monetary Fund.
- Australian Treasury, 2001. "The net income deficit over the past two decades," Economic Roundup, The Treasury, Australian Government, issue 1, pages 105-135, May.
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