Econ 101b: Fall 2006: November 16, 2006: America's Current Account Deficit

Background reading: A false Cassandra:

Nouriel Roubini and Brad Setser (2004), "The US as a Net Debtor: The Sustainability of the US External Imbalances" (New York: Stern School of Business) http://pages.stern.nyu.edu/~nroubini/papers/Roubini-Setser-US-External-Imbalances.pdf.