A country's exchange rates, economic growth, inflation, and government policies all influence its current account balance and overall financial health. Generally, a current account surplus is ...

THE CURRENT account balance may seem to be an abstruse economic concept. But in countries that are spending ... The IMF, whose mandate includes promoting and maintaining an open international trade ...

Although politicians, pundits, and the media claim that a trade deficit is harmful to a country, the reality is much ...

We estimate shocks that explain most of the variation in the current account at business cycle frequencies and over the long run. We then explore, using a standard open-economy macro model, which ...