Publications

Policy Note 2006/4 | April 2006

Debt and Lending

A Cri de Coeur
Many papers published by the Levy Institute during the last few years have emphasized that the American economy has relied too much on the growth of lending to the private sector, most particularly to the personal sector, to offset the negative effect on aggregate demand of the growing current account deficit. Moreover, this growth in lending cannot continue indefinitely.

Publication Highlight

Book Series
Financial Regulation in the European Union
Edited by Rainer Kattel, Jan Kregel, and Mario Tonveronachi

November 2015

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