U.S. Household Deficit Spending: A Rendezvous with Reality

摘要: Over the past decade, deficit spending by U.S. households has supported economy. Research Associate Robert W. Parenteau analyzes financial balance of and finds that pace is likely to stall and, possibly, reverse course. This reversion will jeopardize profit economic growth, as well growth countries dependent on export-led development strategies. His research supports position other Levy Institute scholars who have urged policymakers recognize consequences current imbalances in