Current Account Sustainability of Major Industrialized CountriesThe principal investigators of this site are Menzie Chinn and Charles Engel of the University of Wisconsin. Its focus is the study of current account imbalances. They explain that while there is a large theoretical literature on this subject, these models have not met with much empirical success. Thus, this project hope to develop theoretical models that describe sustainable current account imbalances. They list both academic and empirical papers, events in this area, and links to other related sites.