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How Fragile is the U.S. Economy?

  • Dimitri B. Papadimitriou
  • Anwar M. Shaikh
  • Claudio H. Dos Santos
  • Gennaro Zezza

As we projected in a previous strategic analysis, the U.S. economy experienced growth rates higher than 4 percent in 2004. The question we want to raise in this strategic analysis is whether these rates will persist or come back down. We believe that several signs point in the latter direction. In what follows, we analyze the evidence and explore the alternatives facing the U.S. economy.

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File URL: http://www.levyinstitute.org/pubs/sa_mar_05.pdf
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Paper provided by Levy Economics Institute in its series Economics Strategic Analysis Archive with number sa_mar_05.

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Date of creation: Mar 2005
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Handle: RePEc:lev:levysa:sa_mar_05
Contact details of provider: Web page: http://www.levyinstitute.org

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  1. Obstfeld, Maurice & Rogoff, Kenneth S, 2005. "The Unsustainable US Current Account Position Revisited," Center for International and Development Economics Research, Working Paper Series qt4f63x50j, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
  2. Dimitri B. Papadimitriou & Anwar Shaikh & Claudio H. dos Santos & Gennaro Zezza, 2004. "Is Deficit-Financed Growth Limited? Policies and Prospects in An Election Year," Economics Strategic Analysis Archive 04-4, Levy Economics Institute.
  3. Michael R. Pakko, 2005. "OECD growth," International Economic Trends, Federal Reserve Bank of St. Louis, issue Feb.
  4. Finn E. Kydland & Edward C. Prescott, 1990. "Business cycles: real facts and a monetary myth," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr, pages 3-18.
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