IMF paper analyses US capital flows and debt
An International Monetary Fund working paper, published in July, studies capital flows into and out of the US to assess the impact these flows have on government debt dynamics.
The author, Martin Evans, develops a model based on expectations of future trade flows and expected returns on US equity and foreign direct investment (FDI) holdings to identify the determinants of the debt position in the US from 1973–2008. The paper finds that contrary to the popular view, there is no evidence the US
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