Based on the March 20, 2025, news release "U.S. International Transactions, 4th Quarter and Year 2024" from the U.S. Bureau of Economic Analysis.

Before trying to answer such questions, we first need to understand what the current account is—and what surpluses and deficits imply. The trade balance is the diference between the …

This brief explores how a current account deficit (CAD) may (or may not) be bad from two angles: its sustainability based on underlying drivers, and the extent to which it heightens near-term …

Section I provides an overview of the relationship between savings, investment, and the current account in the United States. Section II illustrates the method-ology used to empirically assess …

I develop a portfolio model of the current account and show that, even under a very positive scenario where foreigners’ (net) demand for U.S. assets doubles from its current level, the …

It is this question of global imbalances and the U.S. current ac-count deficit that I want to address this afternoon. The U.S. current account deficit is currently running well in excess of $600 …

Based on the June 24, 2025, news release "U.S. International Transactions, 1st Quarter 2025 and Annual Update" from the U.S. Bureau of Economic Analysis.