Title of article
A quantitativeassessmentofthedeclineintheU.S. current account
Author/Authors
Kaiji Chen، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2008
Pages
13
From page
1135
To page
1147
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
Serial Year
2008
Journal title
Journal of Monetary Economics
Record number
846360
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