This paper examines the underlying structural elements of US growth patterns, pre- and post-crisis. Prior to the recession, the US economy exhibited a defective growth pattern driven by outsized domestic demand. As domestic aggregate demand retreats to more sustainable levels relative to total...

The climate crisis requires that economies around the world achieve carbon Net Zero by 2050. However, average annual GHG emissions during the 2010s have continued to increase (albeit at a decelerating rate) relative to global emissions in the first decade of the 21st century (IPCC AR6). Most of...