Journal Article

The U.S. productivity acceleration and the current account deficit


Abstract: This Economic Letter reviews the current facts about the current account deficit and its determinants, and describes the channels through which it is affected by an increase in trend labor productivity growth.

Keywords: Budget deficits; Investments, Foreign; Balance of trade;

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Provider: Federal Reserve Bank of San Francisco

Part of Series: FRBSF Economic Letter

Publication Date: 2007

Order Number: 08