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.

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Year of publication:	2004
Authors:	Gruen, David ; Harris, Jason
Published in:	Economic Roundup. - Treasury. - 2004, 2, p. 45-54
Publisher:	Treasury
Subject:	current account \| macroeconomic policy \| public debt \| sovereign debt \| sustainability \| United States

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Extent:	application/pdf
Type of publication:	Article
Classification:	E60 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. General ; H63 - Debt; Debt Management
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010784737