IMF Staff Papers, Volume 52, Special Issue, IMF Conference in Honor of Michael Mussa

IMF Staff Papers, August 30, 2005

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IMF Staff Papers, Volume 52, Special Issue, IMF Conference in Honor of Michael Mussa

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Bibliographic details

• Published: August 30, 2005
• Series: IMF Staff Papers
• Volume: 52
• DOI: https://doi.org/10.5089/9781589064478.024

Summary and central themes

• Focus: expectations for the American economy, centered on the likelihood of secular stagnation and its continued debate throughout the post-war period.
• Historical contrasts:
  • Late 1960s and early 1970s: concerns that rapid population growth would smother potential for economic growth in developing countries.
  • Mid- and late-1970s: those concerns were contradicted when fertility rates began to decline rapidly.
• Role of projections: policymaking decisions in policy-oriented institutions, businesses, and individual decision making are often guided by projections and forward-looking indicators.
• Notable figure: the case of Michael Mussa is characterized by great anticipation and great accomplishment; early optimistic forecasts about him have been judged correct.
• Reference to forecasting traditions: highlights the prominence (and frequent inaccuracy) of forecasts based on the Malthusian doctrine relating resources and population.

Subject coverage and keywords

• Subjects listed:
  • Asset prices
  • Currencies
  • Exchange rate arrangements
  • Financial institutions
  • Financial integration
  • Financial markets
  • Financial sector policy and analysis
  • Foreign exchange
  • Insurance
  • Money
  • Moral hazard
  • Prices
• Keywords included explicitly:
  • Asset prices, Caribbean, country, Currencies, definition of Economics, exchange rate, Exchange rate arrangements, Financial integration, Global, graduate class, hike worth, IMF conference, Insurance, Moral hazard, Organization for Economic Cooperation and Development country, post-World War II debate, Southeast Asia, SP, Sub-Saharan Africa, Virginia economist George Tucker, voodoo economics, Western Europe

Access and formats (as presented)

• Options shown: Download PDF, More Formats on IMF eLibrary, Order a Print Copy
• Citation example provided (Chicago format) with access date reflected as accessed 9/20/2026 in the preview citation on the page.

International Monetary Fund. Research Dept. "IMF Staff Papers, Volume 52, Special Issue, IMF Conference in Honor of Michael Mussa", IMF Staff Papers 2005, 005 (2005), accessed 9/20/2026, https://doi.org/10.5089/9781589064478.024