"As The Implosion Begins . . .? Prospects and Policies for the U.S. Economy: A Strategic View"
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.
Year of publication: |
2001-07
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Authors: | Godley, Wynne ; Izurieta, Alex |
Institutions: | Levy Economics Institute |
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