Plosser, Charles I. - In: Journal of Applied Corporate Finance 17 (2005) 1, pp. 100-105
From newspaper accounts, one might think that the U.S. economy is on the verge of collapse. But the economy performed well in 2004, with real GDP growth of 3.9%, inflation at only 2.2%, unemployment down to 5.4%, and over two million jobs added to the payrolls (performance that is the envy of...