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Kick-Start Strategy Fails to Fire Sputtering U.S. Economic Motor

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Wynne Godley
Abstract

There is a strategic need, if a "growth recession" is to be avoided, for a new motor to drive the economy, particularly if there is a further decline in private expenditure relative to income that could generate a further hole in aggregate demand.

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Paper provided by Levy Economics Institute, The in its series Economics Policy Note Archive with number 02-1.

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Dimitri B. Papadimitriou & L. Randall Wray, . "Are We All Keynesians (Again)?," Economics Policy Note Archive 01-10, Levy Economics Institute, The. [Downloadable!]
  2. James K. Galbraith, . "The War Economy," Economics Policy Note Archive 01-8, Levy Economics Institute, The. [Downloadable!]
  3. L. Randall Wray, . "The Backward Art of Tax Cutting," Economics Policy Note Archive 01-5, Levy Economics Institute, The. [Downloadable!]
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