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The U.S. productivity acceleration and the current account deficit

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  • Diego Valderrama

Abstract

This Economic Letter reviews the current facts about the current account deficit and its determinants, and describes the channels through which it is affected by an increase in trend labor productivity growth.

Suggested Citation

  • Diego Valderrama, 2007. "The U.S. productivity acceleration and the current account deficit," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue mar30.
    • Handle: RePEc:fip:fedfel:y:2007:i:mar30:n:2007-08
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    Cited by:

    1. Mahir Binici & Mehmet Yörükoglu, 2011. "Capital flows in the post-global financial crisis era: implications for financial stability and monetary policy," BIS Papers chapters, in: Bank for International Settlements (ed.), Capital flows, commodity price movements and foreign exchange intervention, volume 57, pages 319-343, Bank for International Settlements.

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