Kamin, Steven B.; Reeve, Trevor A.; Sheets, Nathan - Federal Reserve Board (Board of Governors of the … - 2007
periods when their current account deficits have narrowed. Such studies identified systematic aspects of external adjustment ….S. external imbalance. In contrast, this paper focuses in depth on the historical experience of external adjustment in the United … periods of external adjustment is remarkably similar to the foreign experience. Finally, we also examine the performance of …