Implications of the U.S. Current Account Deficit | Zendy

David H. Howard | Zendy

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Implications of the U.S. Current Account Deficit

Author(s) -

David H. Howard

Publication year - 1989

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/jep.3.4.153

Subject(s) - current account , balance of payments , debtor , economics , rest (music) , deficit spending , current (fluid) , macroeconomics , sustainability , debt , creditor , medicine , engineering , ecology , cardiology , biology , exchange rate , electrical engineering

In 1988, the United States recorded a deficit of about $135 billion on the current account of its balance of payments with the rest of the world. This paper presents an analytical framework for thinking about the current account deficit, explores causes of the current account deficit, and discusses the United States as a debtor nation and the issue of sustainability.

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