The U.S. Current AccountDeficit and the Expected Share of World Output

C.Engel, J.H. Rogers / Journal of Monetary Economics 53 (2006) 1063–1093

主要讲的是

We investigate thepossibility that the large current account deficits of the U.S. are the outcomeof optimizing behavior，whether theU.S. current account deficit could be consistent with expectations that theU.S. share of world GDP will increase.