Bertaut, Carol C; Kamin, Steven B; Thomas, Charles P - In: IMF Staff Papers 56 (2009) 3, pp. 596-632
This paper addresses three questions about prospects for the U.S. current account deficit. First, is it sustainable in the long term? Projections of a detailed model of the U.S. balance of payments suggest that the current account deficit will resume widening and external indebtedness will...