Explore the differences between current and capital accounts and how they affect a nation's net income and asset-liability balance.

A current account surplus means that a country's exports are worth more than its imports. Learn how current accounts affect competitiveness in world trade.

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. n economics, a country may face a ...

We estimate shocks that explain most of the variation in the current account at business cycle frequencies and over the long run. We then explore, using a standard open-economy macro model, which ...