Cyclically Adjusted Current Account Balances

401(k) plan asset allocation, account balances, and loan activity.

The Employee Benefit Research Institute (EBRI) and the Investment Company Institute (ICI) have been collaborating for the past two years to collect data on participants in 401(k) plans. This effort, known as the EBRI/ICI Participant-Directed Retirement Plan Data Collection Project, has obtained data for 401(k) plan participants from certain of EBRI and ICI sponsors and members serving as plan r...

What drives China’s Current Account?∗

The paper offers an empirical taxonomy of the factors driving China’s current account. A simple present-value model with non-tradeable goods explains more than 70 percent of current account variability over the period 1982–2007, including the persistent surpluses since 2001. It also correctly predicts the decline of China’s current account since 2008. Expected increases in the prices of non-tra...

Analysis of China's current account: Evidence based on Inter-temporal Current Account Model

Estimated historical and current nitrogen balances for Illinois.

The Midwest has large riverine exports of nitrogen (N), with the largest flux per unit area to the Mississippi River system coming from Iowa and Illinois. We used historic and current data to estimate N inputs, outputs, and transformations for Illinois where human activity (principally agriculture and associated landscape drainage) have had a dominant impact. Presently, approximately 800,000 Mg...

Current Account and External Financing: an Introduction

Economic analysts were surprised by the collapse of the Thai baht in July 1997. In the months that followed, most of the so-called East Asian Tigers faced severe balance-of-payments crises, and a year later, in August 1998, the Russian ruble was devalued. As a result of this succession of crises, the economics profession rethought many of its views on macroeconomic management. Lessons were draw...