EconPapers    
Economics at your fingertips  
 

The U.S. trade deficit and the "new economy"

Michael Pakko

Review, 1999, vol. 81, issue Sep, 20 pages

Abstract: Amidst the overall strength and longevity of the U.S. economic expansion of the 1990s, a growing current account deficit is one indicator that often is viewed with concern. In this article, Michael Pakko discusses some basic economic principles about current accounts and how they relate to the U.S. experience during the 1990s. He suggests that recent deficits should not be thought of as a source of weakness in an otherwise vigorous economy, but rather, that they are reflective of the same forces underlying recent economic strength.

Keywords: International trade; economic conditions - United States (search for similar items in EconPapers)
Date: 1999
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://files.stlouisfed.org/files/htdocs/publications/review/99/09/9909mp.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlrv:y:1999:i:sep:p:11-20:n:v.81no.5

Access Statistics for this article

Review is currently edited by Juan M. Sanchez

More articles in Review from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().

 
Page updated 2025-06-05
Handle: RePEc:fip:fedlrv:y:1999:i:sep:p:11-20:n:v.81no.5