EconPapers    
Economics at your fingertips  
 

Chapter 4: US adjustment needs

GiancarloCorsetti, Michael Devereux (), LuigiGuiso, JohnHassler, GillesSaint-Paul, Hans-WernerSinn, Jan-EgbertSturm and XavierVives
Authors registered in the RePEc Author Service: Jan-Egbert Sturm (), John Hassler (), Gilles Saint-Paul (), Luigi Guiso (), Giancarlo Corsetti (), Xavier Vives () and Hans-Werner Sinn ()

EEAG Report on the European Economy, 2010, 101-110

Abstract: The US economy is arguably following an unsustainable trajectory. The main indicators of this are a large current account deficit, a large federal budget deficit and trend-wise increasing costs of Social Security and Medicare. In this chapter, we will discuss these observations and to what extent the financial and economic crisis may have changed the outlook. Before this, we need to define what we mean by sustainability. An often used definition of sustainability is that the inter-temporal budget restriction is satisfied.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.cesifo.org/DocDL/eeag_report_chap4_2010.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:ces:eeagre:v::y:2010:i::p:101-110

Access Statistics for this article

More articles in EEAG Report on the European Economy from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().

 
Page updated 2020-08-07
Handle: RePEc:ces:eeagre:v::y:2010:i::p:101-110