The effectiveness of recent fiscal stimulus packages significantly depends on the assumption of non-Ricardian savings behavior. We show that, under the same ass
This paper assesses the policy significance of foreign liabilities and the current account deficits that give rise to them. Current account imbalances are shown
This paper examines the relationship between fiscal policy and the current account, drawing on a larger country sample than in previous studies and using panel
The current account deficit of the United States is more than six percent of its gross domestic product—an all-time high. And the rest of the world, including
