Shaikh, Anwar; Zezza, Gennaro; Santos, Claudio dos - Levy Economics Institute
The current account deficit of the United States has been growing steadily as a share of GDP for more than a decade. It is now at an all-time high, over 5 percent of GDP (see Figure 1). This steady deterioration has been greeted with an increasing amount of concern (U.S Trade Deficit Review...