{
  "title": "The United States Economy: Performance and Issues",
  "publication": "Books, January 15, 1992",
  "sourceUrl": "https://www.imf.org/en/publications/books/issues/2016/12/30/the-united-states-economy-performance-and-issues-3",
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  "overlayPath": "/en/publications/books/issues/2016/12/30/the-united-states-economy-performance-and-issues-3/index.md",
  "summary": "This book, by a staff team headed by Yusuke Horiguchi, examines U.S. economic policy and performance in the 1980s, during which the United States enjoyed its longest peacetime expansion.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Book examines U.S. economic policy and performance in the 1980s, a period when the United States enjoyed its longest peacetime expansion.\n- Authored by Yusuke Horiguchi; staff team headed by Yusuke Horiguchi.\n- Publication date: January 15, 1992.\n- Summary emphasis: buoyant growth and declines in inflation occurred alongside persistent macroeconomic and structural challenges."
    },
    {
      "heading": "Major findings",
      "content": "- Macroeconomic environment:\n  - Longest peacetime expansion during the 1980s.\n  - Buoyant growth and declines in inflation.\n  - Low savings.\n  - Current account deficits.\n  - Swings in the dollar exchange rate.\n- Structural problems identified:\n  - Strength of financial institutions.\n  - The tax system.\n  - Health care.\n  - Productivity."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subject headings explicitly listed:\n  - Corporate income tax\n  - Exchange rates\n  - Expenditure\n  - Foreign exchange\n  - Health care spending\n  - Income tax systems\n  - Labor\n  - National accounts\n  - Private savings\n  - Real exchange rates\n  - Taxes\n  - Unemployment rate\n- Keywords:\n  - BOOK\n  - Corporate income tax\n  - cost of capital\n  - Europe\n  - Exchange rates\n  - Global\n  - Health care spending\n  - Income tax systems\n  - inflation equation\n  - North America\n  - Private savings\n  - rate of return\n  - Real exchange rates\n  - saving rate\n  - tax treatment\n  - Unemployment rate"
    },
    {
      "heading": "Staff team (as listed)",
      "content": "- Yusuke Horiguchi (head)\n- Charles Adams\n- Krister Andersson\n- A. Lans Bovenberg\n- Bankim Chadha\n- Daniel Citrin\n- David T. Coe\n- Sharmini Coorey\n- Robert Corker\n- Liam P. Ebrill\n- Owen Evans\n- Steven M. Fries\n- Lloyd Kenward\n- Ellen M. Nedde\n\n---\n\n\nSource: https://www.imf.org/en/publications/books/issues/2016/12/30/the-united-states-economy-performance-and-issues-3"
    }
  ],
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    "Authors: Yusuke Horiguchi",
    "Published: January 15, 1992",
    "Series: Books",
    "DOI: https://doi.org/10.5089/9781557752314.071",
    "Book examines U.S. economic policy and performance in the 1980s, a period when the United States enjoyed its longest peacetime expansion.",
    "Authored by Yusuke Horiguchi; staff team headed by Yusuke Horiguchi.",
    "Publication date: January 15, 1992.",
    "Summary emphasis: buoyant growth and declines in inflation occurred alongside persistent macroeconomic and structural challenges.",
    "Macroeconomic environment:",
    "Structural problems identified:",
    "Subject headings explicitly listed:",
    "Keywords:",
    "Yusuke Horiguchi (head)",
    "Charles Adams",
    "Krister Andersson",
    "A. Lans Bovenberg",
    "Bankim Chadha",
    "Daniel Citrin",
    "David T. Coe",
    "Sharmini Coorey",
    "Robert Corker",
    "Liam P. Ebrill",
    "Owen Evans",
    "Steven M. Fries",
    "Lloyd Kenward",
    "Ellen M. Nedde"
  ],
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  "generatedAtUtc": "2026-09-19T04:33:46.246Z"
}