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Is the U.S. current account sustainable?


Abstract: This article clearly defines what economists mean by a sustainable current account. The author provides an estimate of the sustainable current account balance for the U.S. economy and assesses the implications of this estimate for the existing current account and level of foreign indebtedness.

Keywords: Gross domestic product;

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Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2005

Issue: Jun

Order Number: 215