Might the United States continue to run large current account deficits?

David Gruen and Jason Harris
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Jason Harris: Treasury, Government of Australia

Economic Roundup, 2004, issue 2, 45-54

Abstract: It is often argued that the United States cannot continue for long to run current account deficits of their current size of 5 per cent of Gross Domestic Product (GDP). This article questions this conventional wisdom by examining the implications were the United States to continue to run current account deficits of 5 per cent of GDP for the next ten years.

Keywords: current account; macroeconomic policy; public debt; sovereign debt; sustainability; United States (search for similar items in EconPapers)
JEL-codes: E60 H63 (search for similar items in EconPapers)
Date: 2004
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