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U.S. Household Deficit Spending: A Rendezvous with Reality

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  • Robert W. Parenteau

Abstract

Over the past decade, deficit spending by U.S. households has supported the U.S. economy. Research Associate Robert W. Parenteau analyzes the financial balance of U.S. households and finds that the pace of deficit spending is likely to stall and, possibly, reverse course. This reversion will jeopardize U.S. profit and economic growth, as well as the growth of countries dependent on export-led development strategies. His research supports the position of other Levy Institute scholars who have urged policymakers to recognize the consequences of current imbalances in the U.S. economy.

Suggested Citation

  • Robert W. Parenteau, 2006. "U.S. Household Deficit Spending: A Rendezvous with Reality," Economics Public Policy Brief Archive ppb_88, Levy Economics Institute.
  • Handle: RePEc:lev:levppb:ppb_88
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    File URL: http://www.levyinstitute.org/pubs/ppb_88.pdf
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    References listed on IDEAS

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    1. Claudio Dos Santos & Gennaro Zezza, 2005. "A Simplified Stock-Flow Consistent Post-Keynesian Growth Model," Macroeconomics 0504019, EconWPA.
    2. Dimitri B. Papadimitriou & Edward Chilcote & Gennaro Zezza, 2006. "Are Housing Prices, Household Debt, and Growth Sustainable?," Economics Strategic Analysis Archive sa_jan_06, Levy Economics Institute.
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    Cited by:

    1. Todorova, Zdravka, 2013. "Consumption as a Social Process within Social Provisioning and Capitalism: Implications for Heterodox Economics," MPRA Paper 51516, University Library of Munich, Germany.

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