Alternative Policies for US Economic Recovery

Byron Gangnes ()

No 201002, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: Recovery has begun in the United States and global economies. The US recovery is likely to be anemic by historical standards, raising the possibility that additional stimulus may be desirable. The President and Democrats in Congress have called for a “jobs bill,” and the Federal Reserve has demonstrated that it has a flexible toolkit for providing additional liquidity if deemed appropriate. The possible need for such stimulus will come up against the reality of an expanding public debt on the one hand, and inflationary concerns on the other. In this paper, I use simulations of the IHS Global Insight Model to assess the potential impact on the recovery path of alternative macro policies.

Keywords: United States (US) recession and recovery; fiscal and monetary policy; econometric model forecast simulation; IHS Global Insight model (search for similar items in EconPapers)
JEL-codes: C53 E37 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2010-02-08
New Economics Papers: this item is included in nep-cba, nep-cmp and nep-mac
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http://www.economics.hawaii.edu/research/workingpapers/WP_10-2.pdf First version, 2010 (application/pdf)

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Working Paper: Alternative Policies for US Economic Recovery (2010)
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