 Strategic Analysis | December 2008 Prospects for the United States and the World: A Crisis That Conventional Remedies Cannot Resolve
The economic recovery plans currently under consideration by the United States and many other countries seem to be concentrated on the possibility of using expansionary fiscal and monetary policies alone. In a new Strategic Analysis, the Levy Institute’s Macro-Modeling Team argues that, however well coordinated, this approach will not be sufficient; what’s required, they say, is a worldwide recovery of output, combined with sustainable balances in international trade.
Publication(s):
View all associated program(s) publications:
The State of the U.S. and World Economies
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Author(s):
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| Wynne Godley |
| Dimitri B. Papadimitriou |
| Gennaro Zezza |
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After the Crisis: Planning A New Financial Structure
