US current account deficit could occur. The shocks considered include dollar depreciation, fiscal consolidation, and an … to materially reduce the US external deficit. In part, this is because second-round effects, including domestic policy … deficit involves risks to growth in the rest of the world, particularly in Japan where the authorities have limited room to …

US current account deficit could occur. The shocks considered include dollar depreciation, fiscal consolidation, and an … to materially reduce the US external deficit. In part, this is because second-round effects, including domestic policy … deficit involves risks to growth in the rest of the world, particularly in Japan where the authorities have limited room to …

and surpluses were larger than appear justified by economic fundamentals. The massive debt accumulation made deficit … fuelled credit booms and a weakening of competitiveness in some deficit countries. Weaknesses in financial regulation and over …-optimistic growth expectations encouraged excessive risk-taking in both deficit and surplus countries. Harmful imbalances can be …

Turkey’s current account deficit widened to almost 10% of GDP in 2011 and has been narrowing only gradually since. An … important question is to what extent Turkey’s current account deficit is excessive. To explore this issue, one needs to …. Results from both approaches suggest that current account benchmarks for the current account deficit lie in the range of 3% to …