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As The Implosion Begins . . .? Prospects and Policies for the U.S. Economy: A Strategic View

  • Wynne Godley
  • Alex Izurieta
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    The U.S. economy is probably now in recession, and a prolonged period of subnormal growth and rising unemployment is likely unless there is another round of policy changes. A further relaxation of fiscal policy will probably be needed, but if a satisfactory rate of growth is to be sustained, this will have to be complemented by measures that raise U.S. exports relative to imports.

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    File URL: http://www.levyinstitute.org/pubs/implos.pdf
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    Paper provided by Levy Economics Institute in its series Economics Strategic Analysis Archive with number 01-7.

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    Date of creation: Jul 2001
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    Handle: RePEc:lev:levysa:01-7
    Contact details of provider: Web page: http://www.levyinstitute.org

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    1. Annamaria Lusardi & Jonathan Skinner & Steven Venti, 2001. "Saving Puzzles and Saving Policies in the United States," NBER Working Papers 8237, National Bureau of Economic Research, Inc.
    2. Wynne Godley & L. Randall Wray, . "Can Goldilocks Survive?," Economics Policy Note Archive 99-4, Levy Economics Institute.
    3. Dimitri B. Papadimitriou & L. Randall Wray, . "Fiscal Policy For the Coming Recession: Large Tax Cuts are Needed to Prevent a Hard Landing," Economics Policy Note Archive 01-2, Levy Economics Institute.
    4. David Alan Aschauer, . "How Should the Surpluses Be Spent?," Economics Policy Note Archive 98-2, Levy Economics Institute.
    5. Richard Peach & Charles Steindel, 2000. "A nation of spendthrifts? An analysis of trends in personal and gross saving," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 6(Sep).
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