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  • International Monetary Fund
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    Abstract

    This paper reviews economic developments in the United States during 1992–96. The paper briefly describes improvements in the national income and product accounts (NIPA) and some of their implications for the analysis of long-term trends in U.S. investment and saving. The paper highlights that the effect of the 1990–92 recession on employment was considerably less severe than the effect of the 1981–82 recession. During the 1990–92 recession, employment fell by 1½ percent, compared with a drop of 3 percent during the 1981–82 recession.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=1649
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 96/93.

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    Length: 129
    Date of creation: 11 Sep 1996
    Date of revision:
    Handle: RePEc:imf:imfscr:96/93

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    Postal: International Monetary Fund, Washington, DC USA
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    Related research

    Keywords: Article IV consultations; Economic conditions; private investment; domestic investment; public investment; national saving; national income; current expenditures; capital accumulation; accelerated depreciation; investment expenditures; government purchases; household wealth; consumption of fixed capital; government spending; business investment; fixed capital;

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