Debt And Lending: A Cri De Coeur
AbstractMany papers published by the Levy Institute during the last few years have emphasized that the U.S. economy has relied too much on the growth of lending to the private sector, most particularly to the personal sector, to offset the negative effect on aggregate demand of the growing current account deficit. Moreover, this growth in lending cannot continue indefinitely.
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Bibliographic InfoPaper provided by Levy Economics Institute, The in its series Economics Policy Note Archive with number 06-4.
Date of creation: May 2006
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-06-24 (All new papers)
- NEP-FMK-2006-06-24 (Financial Markets)
- NEP-MAC-2006-06-24 (Macroeconomics)
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