Is the U.S. Current Account Deficit Sustainable? And If Not, How Costly is Adjustment Likely To Be?
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In this paper I analyze the relationship between the U.S. dollar and the U.S. current account. I deal with issues of sustainability, and I discuss the mechanics of current account adjustment. The analysis presented in this paper differs from other work in several respects: First, I emphasis the
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美国国家经济研究局创建时间：
2005-08-01
