Publications
- The Implications of Dark Matter for Assessing the US External Imbalance
- Download: PDF 193.37 KB
- by Hausmann, Ricardo; Sturzenegger, Federico
- This 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.
- Publication Type: WCFIA Working Paper
- Published Date: November 2006
- Field of Interest: International Relations
- Hausmann, Ricardo, and Federico Sturzenegger. "The Implications of Dark Matter for Assessing the US External Imbalance." Working Paper 2008-0039, Weatherhead Center for International Affairs, Harvard University, November 2006.
- Also CID Working Paper No. 137.
