Title of article :
A quantitativeassessmentofthedeclineintheU.S.
current account
Author/Authors :
Kaiji Chen، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2008
Abstract :
Low frequencychangesintheU.S.currentaccountcanbeunderstoodintermsofthe
influenceofdifferencesinproductivitygrowthratesacrosstimeandacrosscountries
using standardgrowththeory.Inparticular,theseculardeclineisprimarilydrivenby
the increaseintheU.S.TFPgrowthraterelativetoitstradingpartners.Differencesin
populationgrowthratesorfiscalpolicyhavenosignificanteffectsonthelowfrequency
changesintheU.S.currentaccount.
Keywords :
Neoclassical growthmodelCurrent accountbalanceTotal factorproductivity
Journal title :
Journal of Monetary Economics
Journal title :
Journal of Monetary Economics
