Current account balances and structural adjustment in the euro area

Currency Appreciation and Current Account Adjustment

Global current account imbalances, more specifically the large deficit in the United States and the surplus in China and some other Asian economies, continue to attract considerable attention both among policy makers and academics. While the academic literature has focused predominantly on the sustainability of the imbalance and on the exchange-rate consequences of its elimination, many policy ...

Special issue: The impact of the global crisis on competitiveness and current account divergences in the euro area

Special issue: The impact of the global crisis on competitiveness and current account divergences in the euro area

Special issue: The impact of the global crisis on competitiveness and current account divergences in the euro area

Special issue: The impact of the global crisis on competitiveness and current account divergences in the euro area

Global Current Account Adjustment: A Decomposition

The rising current account deficit in the USA has attracted considerable attention in recent years. We use the “business cycle accounting” methodology to identify the principal distortions that have affected the external accounts of the US. In particular, we measure distortions in the optimality conditions of a simple two-country general equilibrium model using data from the US and the other G7...

Seasonal Adjustment of Monetary Aggregates and Hicp for the Euro Area