Implications of the U.S. Current Account Deficit
- (pp. 153-165)
AbstractIn 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.
CitationHoward, David H. 1989. "Implications of the U.S. Current Account Deficit." Journal of Economic Perspectives, 3 (4): 153-165. DOI: 10.1257/jep.3.4.153
- 431 Open Economy Macroeconomic Studies--Balance of Payments and Adjustment Mechanisms
- 322 National Government Budgeting and Deficits