Implications of the U.S. Current Account Deficit
提出了分析经常账户赤字的概念框架，探讨了其成因，并讨论了美国作为债务国以及赤字可持续性的问题。
In 1988, the United States recorded a deficit of about $135 billion on the current account of its balance of payments with the rest of the world. This paper presents an analytical framework for thinking about the current account deficit, explores causes of the current account deficit, and discusses the United States as a debtor nation and the issue of sustainability.