Current Account Sustainability and Relative Reliability

Stephanie E. Curcuru, Charles P. Thomas, Francis E. Warnock

NBER Working Paper No. 14295
Issued in September 2008

---- Acknowledgments ----

This paper, which is forthcoming in the NBER's International Seminar 2008, is also being released as Federal Reserve International Finance Discussion Paper 947. The authors are indebted to Jeff Frankel for suggesting the topic and to Trevor Reeve for particularly helpful discussions. We thank James Albertus for excellent research assistance and Mike Dooley, Daniel Gros, Philip Lane, Gian Maria Milesi-Ferretti, and participants at the Wisconsin Conference on Current Account Sustainability and the NBER International Seminar on Macroeconomics Conference in Slovenia for helpful comments. Warnock thanks the Darden School Foundation for generous support. The views in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the views of the Federal Reserve Bank of Dallas, the Board of Governors of the Federal Reserve System, any other person associated with the Federal Reserve System, or the National Bureau of Economic Research.

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