Strategic Analysis | July 2001

As the Implosion Begins . . . ?

Prospects and Policies for the U.S. Economy: A Strategic View

The American 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 exports relative to imports.

Publication Highlight

Working Paper No. 993
The Sraffian Supermultiplier and Cycles
Theory and Empirics
Author(s): Michalis Nikiforos, Marcio Santetti, Rudiger von Arnim
September 2021

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