Add to ORKGThe U.S. expansion has been driven to an unusual extent by falling personal saving and rising borrowing by the private sector. If this process goes into reverse, as has happened under comparable circumstances in other countries, there will be a severe recession unless there is a big relaxation in fiscal policy.
International audienceAfter the US dollar replaced gold, the US debt became the attention worldwide,...
Most public discussion of the world’s continuing financial and macroeconomic troubles focuses rightl...
Many papers published by the Levy Institute during the last few years have emphasized that the U.S. ...
The U.S. economy is probably now in recession, and a prolonged period of subnormal growth and rising...
Growing government budget surpluses combined with growing trade deficits have generated record priva...
The rise in the national debt... is entirely a consequence of the federal government’s increase of e...
This article points out that the expansion of aggregate demand in the US during the nineties was str...
For the last few years, most of the economic news in the United States has been glowing. The U.S. ec...
Wynne Godley, our Levy Institute colleague, has warned since 1999 that the falling personal saving a...
As the U.S. economy has mainly recovered from the 2008 Financial Crisis, with unemployment below 5%,...
The main arguments in this paper can be simply stated: 1) If output in the US grows fast enough to k...
The U.S. is beset by weak economic growth, ballooning debt and stubbornly high unemployment but the ...
In the U.S. and in other OECD countries, government debt levels as compared to GDP have soared since...
This paper explores the impact of nationally held public debt and foreign debt on the US economy. It...
In a recent paper, we studied economic growth and inflation at different levels of government and ex...
International audienceAfter the US dollar replaced gold, the US debt became the attention worldwide,...
Most public discussion of the world’s continuing financial and macroeconomic troubles focuses rightl...
Many papers published by the Levy Institute during the last few years have emphasized that the U.S. ...
The U.S. economy is probably now in recession, and a prolonged period of subnormal growth and rising...
Growing government budget surpluses combined with growing trade deficits have generated record priva...
The rise in the national debt... is entirely a consequence of the federal government’s increase of e...
This article points out that the expansion of aggregate demand in the US during the nineties was str...
For the last few years, most of the economic news in the United States has been glowing. The U.S. ec...
Wynne Godley, our Levy Institute colleague, has warned since 1999 that the falling personal saving a...
As the U.S. economy has mainly recovered from the 2008 Financial Crisis, with unemployment below 5%,...
The main arguments in this paper can be simply stated: 1) If output in the US grows fast enough to k...
The U.S. is beset by weak economic growth, ballooning debt and stubbornly high unemployment but the ...
In the U.S. and in other OECD countries, government debt levels as compared to GDP have soared since...
This paper explores the impact of nationally held public debt and foreign debt on the US economy. It...
In a recent paper, we studied economic growth and inflation at different levels of government and ex...
International audienceAfter the US dollar replaced gold, the US debt became the attention worldwide,...
Most public discussion of the world’s continuing financial and macroeconomic troubles focuses rightl...
Many papers published by the Levy Institute during the last few years have emphasized that the U.S. ...