| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15525 |
| 来源ID | Working Paper 15525 |
| Current Account Fact and Fiction | |
| David Backus; Espen Henriksen; Frederic Lambert; Christopher Telmer | |
| 发表日期 | 2009-11-19 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | With US trade and current account deficits approaching 6% of GDP, some have argued that the country is "on the comfortable path to ruin" and that the required "adjustment'' may be painful. We suggest instead that things are fine: although national saving is low, the ratios of household and consolidated net worth to GDP remain high. In our view, the most striking features of the world at present are the low rates of investment and growth in some of the richest countries, whose surpluses account for about half of the US deficit. The result is that financial capital is flowing out of countries with low investment and growth and into the US and other fast-growing countries. Oil exporters account for much of the rest. |
| 主题 | Macroeconomics ; Consumption and Investment ; International Economics ; International Factor Mobility ; International Finance |
| URL | https://www.nber.org/papers/w15525 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573201 |
| 推荐引用方式 GB/T 7714 | David Backus,Espen Henriksen,Frederic Lambert,et al. Current Account Fact and Fiction. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15525.pdf（513KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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