There is a broad range of phenomena that are categorized as "mental accounting". Some of these phenomena may be viewed as situations in which a person evaluates decisions based on the implicit assumption that the decision she makes at a given moment will be repeated many times in the future. For...

This brief report of ongoing research on determinants of current account reversals and their economic consequences provides evidence which is consistent with the literature on current account sustainability. A natural extension of this work, that we are currently pursuing, is an examination of...