Whither the US economy?
The economic performance of the US is viewed by the majority of professional analysts as being superior to that of other major industrialised countries. Some refer to the recent US experience as the “New Paradigm”, characterized by sustained economic growth, low inflation, low unemployment and low i...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-10-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10622 |
| _version_ | 1811172437610463232 |
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| author | U. SACCHETTI |
| author_facet | U. SACCHETTI |
| author_sort | U. SACCHETTI |
| collection | DOAJ |
| description | The economic performance of the US is viewed by the majority of professional analysts as being superior to that of other major industrialised countries. Some refer to the recent US experience as the “New Paradigm”, characterized by sustained economic growth, low inflation, low unemployment and low interest rates. The present work, however, highlights indications of a likely future performance which may well be less positive than the one portrayed by this ‘New Paradigm’. The author describes four underlying trends that show that the past economic performance in the US was largely the result of abnormal factors, and that they cannot be sustained. Furthermore, the US may in fact enter into a period of significant recession or stagflation in the future.
JEL Codes: E01, O10
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| first_indexed | 2024-04-10T17:31:08Z |
| format | Article |
| id | doaj.art-31d671a1a60c44138e665619712bbaf1 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:31:08Z |
| publishDate | 2013-10-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-31d671a1a60c44138e665619712bbaf12023-02-03T16:45:59ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432013-10-015220810.13133/2037-3643/10622Whither the US economy?U. SACCHETTIThe economic performance of the US is viewed by the majority of professional analysts as being superior to that of other major industrialised countries. Some refer to the recent US experience as the “New Paradigm”, characterized by sustained economic growth, low inflation, low unemployment and low interest rates. The present work, however, highlights indications of a likely future performance which may well be less positive than the one portrayed by this ‘New Paradigm’. The author describes four underlying trends that show that the past economic performance in the US was largely the result of abnormal factors, and that they cannot be sustained. Furthermore, the US may in fact enter into a period of significant recession or stagflation in the future. JEL Codes: E01, O10 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10622United States economic conditions |
| spellingShingle | U. SACCHETTI Whither the US economy? PSL Quarterly Review United States economic conditions |
| title | Whither the US economy? |
| title_full | Whither the US economy? |
| title_fullStr | Whither the US economy? |
| title_full_unstemmed | Whither the US economy? |
| title_short | Whither the US economy? |
| title_sort | whither the us economy |
| topic | United States economic conditions |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10622 |
| work_keys_str_mv | AT usacchetti whithertheuseconomy |