The current account deficit of the United States is more than six percent of its gross domestic product—an all-time high. And the rest of the world, including other G7 countries such as Japan and Germany, must collectively run current account surpluses to finance this deficit. How long can...

Introduction. The Greek economy before and during the crisis--and policy options going forward / Costas Meghir, Christopher A. Pissarides, Dimitri Vayanos, and Nikolaos Vettas -- The macroeconomics of the crisis. Greece and the Euro / George-Marios Angeletos and Harris Dellas ; The challenge of...