Report April 2005

A new Strategic Analysis by the Levy Institute’s Macro-Modeling Team assesses the main sector balances, all of which are now deficits. The private sector, led by personal borrowing, is now running a deficit approaching 2 percent of GDP; although this trend has helped support the economy in the short term, it is unsustainable, given the private sector’s existing pile of debt.

 

Contents:

New Strategic Analysis

• "How Fragile Is the US Economy?"

New Policy Notes

• "The Case for an Environmentally Sustainable Jobs Program,"
• "Manufacturing a Crisis: The Neocon Attack on Social Security"

New Publication

• "Levy Institute Measure of Economic Well-Being: How Much Does Public Consumption Matter for Well-Being?"

New Public Policy Briefs

• "The Fed and the New Monetary Consensus: The Case for Rate Hikes, Part Two"

New Working Papers

• "The Transmission Mechanism of Monetary Policy: A Critical Review,"
• "Visions and Scenarios: Heilbroner’s Worldly Philosophy, Lowe’s Political Economics, and the Methodology of Ecological Economics,"
• "Household Wealth Distribution in Italy in the 1990s,"
• "Measuring Capacity Utilization in OECD Countries: A Cointegration Method,"
• "Occupational and Industrial Mobility in the United States 1969–93,"
• "Determinants of Minority-White Differentials in Child Poverty"

Levy Institute News

• New Research Associate, New Book in Levy Institute Book Series

Upcoming Events

• Conferences: Economic Imbalance: Fiscal and Monetary Policy for Sustainable Growth; Time Use and Economic Well-Being

Publications and Presentations by Levy Institute Scholars

Recent Levy Institute Publications

Volume 15, No. 2(391.98 KB)