United States: Selected Issues
July 31, 2009
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This Selected Issues paper focuses on U.S. potential growth in the aftermath of the crisis. It discusses recent productivity developments in the nonfarm business sector. The paper uses back-of-the envelope calculations to gauge the effect of diminished financial sector activity on GDP growth in coming years. A simple production function framework is used to give a long view of key factors explaining potential GDP growth in the United States in the last 30 years and explore possible developments in the next few years.
Subject: Financial sector policy and analysis, Fiscal policy, Fiscal stance, Labor, Labor force participation, Potential output, Production, Public debt, Systemic risk, Total factor productivity
Keywords: balance, CBO baseline debt projection, CR, debt, debt distribution, debt projection, EM sovereign bond, Fiscal stance, GDP, Global, ISCR, Labor force participation, macroeconomic assumption, Potential output, Systemic risk, Total factor productivity, treasury debt issuance
Pages:
39
Volume:
2009
DOI:
Issue:
229
Series:
Country Report No. 2009/229
Stock No:
1USAEA2009002
ISBN:
9781451839746
ISSN:
1934-7685
