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Title:US household deficit spending: A rendezvous with reality PDF Logo
Authors:Parenteau, Robert W.
Issue Date:2006
Series/Report no.:Public policy brief // Jerome Levy Economics Institute of Bard College 88
Abstract:Over the past decade, deficit spending by consumers has supported the United States economy. Research Associate Robert Parenteau analyzes the financial balance of American households and finds that the pace of deficit spending is likely to stall and, possibly, reverse course. This reversion will jeopardize US profit and economic growth, as well as the growth of countries dependent on export-led development strategies. His research supports the position of other Levy Institute scholars who have urged policymakers to recognize the consequences of current imbalances in the US economy.
ISBN:1931493588
Document Type:Research Report
Appears in Collections:Public Policy Briefs, Levy Economics Institute of Bard College

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