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United States: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2009: Issue 229
Language:
English
Publication Date:
31 Jul 2009
DOI:
https://doi.org/10.5089/9781451839746.002
ISBN:
9781451839746
ISSN:
1934-7685
Pages:
39
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund