IMF Staff Country Reports

United States: Selected Issues

Publication Date:

July 31, 2009

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2009/229

Subject:

Financial sector policy and analysis Fiscal policy Fiscal stance Labor Labor force participation Potential output Production Public debt Systemic risk Total factor productivity