DEBT AND LENDING: A CRI DE COEUR
Wynne Godley and
Gennaro Zezza
Economics Policy Note Archive from Levy Economics Institute
Abstract:
Many papers published by the Levy Institute during the last few years have emphasized that the U.S. economy has relied too much on the growth of lending to the private sector, most particularly to the personal sector, to offset the negative effect on aggregate demand of the growing current account deficit. Moreover, this growth in lending cannot continue indefinitely.
Date: 2006-05
New Economics Papers: this item is included in nep-fmk and nep-mac
References: Add references at CitEc
Citations: View citations in EconPapers (13)
Downloads: (external link)
http://www.levyinstitute.org/pubs/pn_4_06.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:lev:levypn:06-4
Access Statistics for this paper
More papers in Economics Policy Note Archive from Levy Economics Institute
Bibliographic data for series maintained by Elizabeth Dunn ( this e-mail address is bad, please contact ).