The U.S. Current Account Deficit and the Expected Share of World Output
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下载链接:
https://www.nber.org/papers/w11921
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资源简介:
We investigate the possibility that the large current account deficits of the U.S. are the outcome of optimizing behavior. We develop a simple long-run world equilibrium model in which the current account is determined by the expected discounted present value of its future share of world GDP
提供机构:
美国国家经济研究局
创建时间:
2006-01-01



