The “New Economic Reality”: How New and How Real&quest

Lynn Reaser

Business Economics, 2011, vol. 46, issue 1, 17-21

Abstract: Is there a “new economic reality” as the United States gradually emerges from the Great Recession? It appears that some major new forces are indeed likely to persist and must be taken into account in public policy and business planning. Others may or may not be transitory. Still other major factors, both good and bad, are not new but are likely to persist for the foreseeable future. This NABE presidential address describes the factors that are likely to have the most influence on the U.S. economic future and the implications that they have for economists in contributing to productive analysis and debate.

Date: 2011
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