United States: Selected Issues

International Monetary Fund

No 2009/229, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper focuses on U.S. potential growth in the aftermath of the crisis. It discusses recent productivity developments in the nonfarm business sector. The paper uses back-of-the envelope calculations to gauge the effect of diminished financial sector activity on GDP growth in coming years. A simple production function framework is used to give a long view of key factors explaining potential GDP growth in the United States in the last 30 years and explore possible developments in the next few years.

Keywords: ISCR; CR; debt; GDP; balance; debt projection; CBO baseline debt projection; EM sovereign bond; macroeconomic assumption; treasury debt issuance; debt distribution; Systemic risk; Potential output; Total factor productivity; Fiscal stance; Labor force participation; Global (search for similar items in EconPapers)
Pages: 39
Date: 2009-07-31
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Citations: View citations in EconPapers (5)

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