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| Number of pages / Number of words: |
2 / 362 |
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So how do we define sustainability? Kouparitsas gives an official definition in the recent Chicago Fed Letter. “When economists want to assess sustainability of the current account, they begin by calculating the net exports to GDP ratio that would be required to maintain the current net foreign assets to GDP ratio, NFA*...
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So how do we define sustainability? Kouparitsas gives an official definition in the recent Chicago Fed Letter. “When economists want to assess sustainability of the current account, they begin by calculating the net exports to GDP ratio that would be required to maintain the current net foreign assets to GDP ratio, NFA*...
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