@inbook{10.7864/j.ctt1281c3.7,
 URL = {http://www.jstor.org/stable/10.7864/j.ctt1281c3.7},
 abstract = {The United States has had a substantial current account deficit since the mid-1990s. For most of that period, the deficit increased steadily, reaching a peak of $800 billion, or 6.7 percent of national income, in 2006. There has been widespread agreement that deficits of that magnitude cannot be sustained. Before the financial crisis the deficit was associated with a pervasive fear that the economy might be heading toward a hard landing, with an abrupt collapse of the dollar and severe economic disruptions both domestically and globally.For a brief period, it appeared that a relatively benign adjustment might be under},
 author = {SUSAN M. COLLINS},
 booktitle = {Transpacific Rebalancing: Implications for Trade and Economic Growth},
 pages = {84--118},
 publisher = {Brookings Institution Press},
 title = {Rebalancing the U.S. Economy in a Postcrisis World},
 year = {2015}
}