Current Account Adjustment: Some New Theory and Evidence

Jiandong Ju, Shang-Jin Wei

NBER Working Paper No. 13388
Issued in September 2007

---- Acknowledgements -----

We thank Rudolfs Bems, Marcel Fratzscher, Caroline Freund, Mick Deveraux, Gordon Hanson, Jean Imbs, Olivier Jeanne, Aart Kraay, Nuno Limao, Jonathan Ostry, David Parsley, Ken Rogoff, Eric van Wincoop and seminar participants at Northwestern University, University of Lausanne, Graduate Institute for International Studies in Geneva, the IMF, and the European Central Bank for helpful discussions and suggestions, and Chang Hong, Erik von Uexkull, and Xuebing Yang for very capable 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.

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