Publications

Public Policy Brief No. 90 | July 2007

Cracks in the Foundations of Growth

What Will the Housing Debacle Mean for the U.S. Economy?

With economic growth having cooled to less than 1 percent in the first quarter of 2007, the economy can ill afford a slump in consumption by the American household. But it now appears that the household sector could finally give in to the pressures of rising gasoline prices, a weakening home market, and a large debt burden. The signals are still mixed; for example, while April’s retail sales numbers caused concern, May’s were much improved, and so was the ISM manufacturing index for June. Consumption growth indicates a slowdown. This Public Policy Brief examines the American household and its economic fortunes, concentrating on how falling home prices might hamper economic growth, generate social dislocations, and possibly lead to a full-blown financial crisis.


Publication Highlight

Policy Note 2022/2
A Race to the Bottom
Measuring Income Loss and Poverty in Greece
Author(s): Vlassis Missos, Nikolaos Rodousakis, George Soklis
April 2022

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