Jamee Moudud provides a new microfoundational explanation for the Harrodian long-run or warranted growth rate. The author, emphasizing the role of Keynesian uncertainty, shows that the growth model is anchored in a new interpretation of the Oxford Economists" Research Group's microeconomic...

As we projected in the previous strategic analysis paper, the U.S. economy experienced growth rates higher than 4 percent in 2004. The question we want to raise in this new strategic analysis paper is whether these rates will persist or come back down. We believe that several signs point in the...

The paper argues in favor of significant budget deficits based on the understanding that the expansion of the 1990s was fueled by a great build-up of debt, and that this would eventually give way to a severe recession unless offset by a strong fiscal stimulus. In 2001, with the total government...