Is the Current Account Deficit Sustainable?

Anthony Makin

Australian Economic Review, 1989, vol. 22, issue 2, 29-33

Abstract: This article argues that Australia's savings behaviour relative to its investment opportunities ensures a structural current account deficit which is fundamentally sustainable. In fact considerable scope seems to exist for it to widen further, irrespective of fiscal tightening that has occurred during the last few years, without alarming macroeconomic consequences.

Date: 1989
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