Publications

Strategic Analysis | August 2001

As the Implosion Begins . . . ?

A Rejoinder to Goldman Sachs’s J. Hatzius’s “The Un-Godley Private Sector Deficit” in US Economic Analyst (27 July)

Distinguished Scholar Wynne Godley and Research Scholar Alex Izurieta respond to Jan Hatzius’s rebuttal of their July 2001 Strategic Analysis, in which they stated that the American economy was probably already in recession, and that a prolonged period of subnormal growth and rising unemployment was likely unless there were another round of policy changes. Hatzius, a senior economist with Goldman Sachs, vigorously disagreed.

 

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Author(s):
Wynne Godley Alex Izurieta

Publication Highlight

Working Paper No. 891
Stock-flow Consistent Macroeconomic Models
A Survey
Author(s): Michalis Nikiforos, Gennaro Zezza
May 2017

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