The Implications of Dark Matter for Assessing the US External Imbalance
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CitationHausmann, Ricardo, and Federico Sturzenegger. “The Implications of Dark Matter for Assessing the US External Imbalance.” CID Working Paper Series 2006.137, Harvard University, Cambridge, MA, November 2006.
AbstractThis paper clarifies how dark matter changes our assessment of the US external imbalance. Dark matter assets are defined as the capitalized value of the return privilege obtained by US assets. Because this return privilege has been steady over recent decades, it is likely to persist in the future or even to increase, as it becomes leveraged by an increasingly globalized world. Once this is included in future projections of US current accounts, the US external position looks much more balanced than depicted in official statistics.
Citable link to this pagehttp://nrs.harvard.edu/urn-3:HUL.InstRepos:42482335