April 10, 2019 | St. Louis
It would seem logical to assume that trade surpluses must be a positive sign for an economy, while trade deficits must be harmful. But is this really the case?
A look at international capital flows, the accounting or financial side of international trade, can shed some light.
Senior economist Paulina Restrepo-Echavarria will explore the subject of capital flows and how they are measured, and examine the impact on deficits and debt levels.