{
  "title": "United States: Selected Issues",
  "publication": "IMF Staff Country Reports, August 5, 2003",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/united-states-selected-issues-16785",
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  "summary": "This Selected Issues paper analyzes the United State’s (U.S.) household savings role in supporting the U.S. recovery; and focuses on the market for single-family housing, and the importance for household balance sheets.",
  "sections": [
    {
      "heading": "Overview and scope",
      "content": "- Publication date: August 5, 2003\n- Series: Country Report No. 2003/245\n- Volume: 2003\n- Issue: 245\n- Pages: 101\n- DOI: https://doi.org/10.5089/9781451839623.002\n- Stock No: 1USAEA0032003\n- ISBN: 9781451839623\n- ISSN: 1934-7685"
    },
    {
      "heading": "Major themes analyzed",
      "content": "- Household savings and the role of household savings in supporting the U.S. recovery.\n- The market for single-family housing and the importance of housing for household balance sheets.\n- Underfunding of corporate pension plans, and associated macroeconomic and policy implications.\n- The U.S. fiscal position and review of the causes of the fiscal crisis.\n- Impact of energy shocks, energy policy, and the role of taxation.\n- Growth in linkages between the United States and other G-7 countries, including regional and bilateral trade link issues."
    },
    {
      "heading": "Key findings (as described in the paper)",
      "content": "- Household savings are analyzed in the context of supporting the U.S. recovery.\n- Single-family housing market dynamics are examined with emphasis on implications for household balance sheets.\n- Corporate pension plans are noted to be underfunded, with discussion of macroeconomic and policy implications.\n- The U.S. fiscal position is reviewed, including causes of the fiscal crisis.\n- Energy shocks and energy policy are examined, with attention to taxation's role.\n- Increasing linkages between the United States and other G-7 countries are analyzed, including regional and bilateral trade links issues."
    },
    {
      "heading": "Subjects and keywords covered",
      "content": "- Subjects: Consumption, Energy prices, Financial services, Housing prices, Labor, National accounts, Pensions, Prices, Real interest rates\n- Keywords: Asia and Pacific, Central America, Consumption, CR, Energy prices, equity wealth, Europe, GDP, Global, house price, Housing prices, ISCR, NAFTA, NAFTA partner, North America, Pensions, price, price shock, Real interest rates, saving rate"
    },
    {
      "heading": "Access and formats",
      "content": "- Available on IMF eLibrary in multiple formats.\n- Citation example (Chicago): International Monetary Fund. \"United States: Selected Issues\", IMF Staff Country Reports 2003, 245 (2003), accessed 9/12/2026, https://doi.org/10.5089/9781451839623.002\n\nInternational Monetary Fund. \"United States: Selected Issues\", Country Report No. 2003/245 (2003).\n\n---\n\n Content in this bundle\n\n- cr03245\n  - cr03245 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr03245 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 5, 2003",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451839623.002",
    "Publication date: August 5, 2003",
    "Series: Country Report No. 2003/245",
    "Volume: 2003",
    "Issue: 245",
    "Pages: 101",
    "DOI: https://doi.org/10.5089/9781451839623.002",
    "Stock No: 1USAEA0032003",
    "ISBN: 9781451839623",
    "ISSN: 1934-7685",
    "Household savings and the role of household savings in supporting the U.S. recovery.",
    "The market for single-family housing and the importance of housing for household balance sheets.",
    "Underfunding of corporate pension plans, and associated macroeconomic and policy implications.",
    "The U.S. fiscal position and review of the causes of the fiscal crisis.",
    "Impact of energy shocks, energy policy, and the role of taxation.",
    "Growth in linkages between the United States and other G-7 countries, including regional and bilateral trade link issues.",
    "Household savings are analyzed in the context of supporting the U.S. recovery.",
    "Single-family housing market dynamics are examined with emphasis on implications for household balance sheets.",
    "Corporate pension plans are noted to be underfunded, with discussion of macroeconomic and policy implications.",
    "The U.S. fiscal position is reviewed, including causes of the fiscal crisis.",
    "Energy shocks and energy policy are examined, with attention to taxation's role.",
    "Increasing linkages between the United States and other G-7 countries are analyzed, including regional and bilateral trade links issues.",
    "Subjects: Consumption, Energy prices, Financial services, Housing prices, Labor, National accounts, Pensions, Prices, Real interest rates",
    "Keywords: Asia and Pacific, Central America, Consumption, CR, Energy prices, equity wealth, Europe, GDP, Global, house price, Housing prices, ISCR, NAFTA, NAFTA partner, North America, Pensions, price, price shock, Real interest rates, saving rate",
    "Available on IMF eLibrary in multiple formats.",
    "Citation example (Chicago): International Monetary Fund. \"United States: Selected Issues\", IMF Staff Country Reports 2003, 245 (2003), accessed 9/12/2026, https://doi.org/10.5089/9781451839623.002",
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