scholarly journals Is the U.S. Current Account Deficit Sustainable? And If Not, How Costly is Adjustment Likely To Be?

2005 ◽  
Author(s):  
Sebastian Edwards
Keyword(s):  
Current Account ◽  
Current Account Deficit ◽  
The U.S

scholarly journals Implications of the U.S. Current Account Deficit

1989 ◽  
Vol 3 (4) ◽  
pp. 153-165 ◽  
Author(s):  
David H Howard
Keyword(s):  
United States ◽  
Current Account ◽  
Current Account Deficit ◽  
Analytical Framework ◽  
The United States ◽  
Balance Of Payments ◽  
The World ◽  
The U.S ◽  
The Current Account

In 1988, the United States recorded a deficit of about $135 billion on the current account of its balance of payments with the rest of the world. This paper presents an analytical framework for thinking about the current account deficit, explores causes of the current account deficit, and discusses the United States as a debtor nation and the issue of sustainability.

scholarly journals The U.S. current account deficit and the expected share of world output

2006 ◽  
Vol 53 (5) ◽  
pp. 1063-1093 ◽  
Author(s):  
Charles Engel ◽  
John H. Rogers
Keyword(s):  
Current Account ◽  
Current Account Deficit ◽  
The U.S ◽  
World Output

Indonesia in 2013

Asian Survey ◽  
2014 ◽  
Vol 54 (1) ◽  
pp. 47-55 ◽  
Author(s):  
Geoffrey C. Gunn
Keyword(s):  
Economic Growth ◽  
Current Account ◽  
Current Account Deficit ◽  
Trading Partner ◽  
A Current ◽  
The U.S

Ahead of upcoming elections, expectations ran high in 2013 across the archipelago for a highly pluralistic electorate. With China as a leading trading partner, the backdrop for Indonesia was steady economic growth, albeit checked by a sliding currency, a current account deficit, and a depressing culture of corruption. Mixing commerce and geopolitics, China, the U.S., and Japan all turned to Indonesia to expand their influence.

Globalization, Gluts, innovation or Irrationality: What Explains the Easy Financing of the U.S. Current Account Deficit?

2007 ◽  
Vol 07 (160) ◽  
pp. 1 ◽  
Author(s):  
Ravi Balakrishnan ◽  
Volodymyr Tulin ◽  
Tamim Bayoumi ◽  
◽  
◽  
...  
Keyword(s):  
Current Account ◽  
Current Account Deficit ◽  
The U.S

Narrowing the U.S. Current Account Deficit

1992 ◽  
Vol 71 (5) ◽  
pp. 202
Author(s):  
William Diebold ◽  
Allen J. Lenz
Keyword(s):  
Current Account ◽  
Current Account Deficit ◽  
The U.S

scholarly journals Resolving the Global Imbalance: The Dollar and the U.S. Saving Rate

2008 ◽  
Vol 22 (3) ◽  
pp. 113-125 ◽  
Author(s):  
Martin Feldstein
Keyword(s):  
Current Account ◽  
Global Economy ◽  
Current Account Deficit ◽  
Aggregate Demand ◽  
Trade Deficit ◽  
Saving Rate ◽  
Trade Surplus ◽  
Trading Partners ◽  
Foreign Governments ◽  
The U.S

The massive deficit in the U.S. trade and current accounts is one of the most striking features of the current global economy and, to some observers, one of the most worrying. Although the current account deficit finally began to shrink in 2007, it remained at more than 5 percent of GDP—more than $700 billion. While some observers claim that the U.S. economy can continue to have trade deficits of this magnitude for years—some would say for decades—into the future, I believe that such enormous deficits cannot continue and will decline significantly in the coming years. This paper discusses the reasons for that decline and the changes that are needed in the U.S. saving rate and in the value of the dollar to bring it about. Reducing the U.S. current account deficit does not require action by the U.S. government or by the governments of America's trading partners. Market forces alone will cause the U.S. trade deficit to decline further. In practice, however, changes in government policies at home and abroad may lead to faster reductions in the U.S. trade deficit. More important, the response of the U.S. and foreign governments and central banks will determine the way in which the global economy as a whole adjusts to the decline in the U.S. trade deficit. Reductions in the U.S. current account deficit will of course imply lower aggregate trade surpluses in the rest of the world. Taken by itself, a reduction in any country's trade surplus will reduce aggregate demand and therefore employment in that country. I will therefore look at what other countries—China, Japan, and European countries—can do to avoid the adverse consequences of the inevitable decline of the U.S. trade deficit.

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