United States: Selected Issues

August 2, 2012

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Format: Chicago

United States: Selected Issues, (USA: International Monetary Fund, 2012) accessed September 19, 2024

Summary

This Selected Issues paper for the United States discusses the microeconomics of the country—household wealth and savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper demonstrates how households with consistently lower income, which have shown growth in the years prior to the crisis, experienced larger declines in their saving rates and a larger rise in their indebtedness before the crisis, contributing significantly to the dynamics of the mean saving rate.

Subject: Corporate income tax, Financial institutions, Housing, Income, Mortgages, National accounts, Residential mortgages, Taxes

Keywords: Banking crisis, CIT rate, Corporate income tax, CR, Global, Housing, Income, ISCR, LTU rate, Mortgage, Mortgages, Output loss, Recession, Residential mortgages, Saving rate

Publication Details

Pages:

119
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/214
Stock No:

1USAEA2012002
ISBN:

9781475504910
ISSN:

1934-7685

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