Current Account Deficits in Rich Countries
NBER Working Paper No. 12925
---- Acknowledgements ----
MIT and NBER. Mundell-Fleming lecture given, at the IMF in November 2006. I thank Ricardo Caballero, Francesco Giavazzi, Guido Lorenzoni, Andrei Shleifer, Roberto Rigobon, and Jose Tessada for comments and discussions. I thank Tatiana Didier for excellent research assistance. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.