How Negative Can U.S. Saving Get?

Wynne Godley and Bill Martin

Economics Policy Note Archive from Levy Economics Institute

Abstract: In 1998 the volume of U.S. private spending rose by almost twice the increase in disposable income. The impact of this excess private spending financed by increased net borrowing has been profound; without it, the economy would have stagnated. Can this pattern of demand growth continue? The answer is a resounding no.

References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.levyinstitute.org/pubs/pn99_1.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.levyinstitute.org/pubs/pn99_1.pdf [301 Moved Permanently]--> https://levyweb.bard.edu/pubs/pn99_1.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:99-1

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 ).