文章基本信息

标题：Economic stagnation in the United States: underlying causes and global consequences
其他标题：Economic stagnation in the United States: underlying causes and global consequences
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作者：Blecker, Robert A.
期刊名称：Revista de Economia Política
印刷版ISSN：0101-3157
电子版ISSN：1809-4538
出版年度：2014
卷号：34
期号：4
页码：689-725
DOI：10.1590/S0101-31572014000400011
出版社：Centro de Economia Política
摘要：This paper analyzes the causes of the slow recovery of the US economy since the financial crisis and Great Recession of 2008-9. Fallen house values and excessive household debts continue to depress consumer spending, while corporations are failing to invest in spite of record profits. The increasingly unequal distribution of income limits demand, while long-term structural transformations continue to erode employment creation. An expansionary monetary policy has been incapable of sparking a more robust recovery and fiscal policy has been shifted to an austerity stance. In this context, Brazil and other emerging market nations cannot count on the United States to continue to be the leading source of global demand as it was in previous decades.
其他摘要：This paper analyzes the causes of the slow recovery of the US economy since the financial crisis and Great Recession of 2008-9. Fallen house values and excessive household debts continue to depress consumer spending, while corporations are failing to invest in spite of record profits. The increasingly unequal distribution of income limits demand, while long-term structural transformations continue to erode employment creation. An expansionary monetary policy has been incapable of sparking a more robust recovery and fiscal policy has been shifted to an austerity stance. In this context, Brazil and other emerging market nations cannot count on the United States to continue to be the leading source of global demand as it was in previous decades.
其他关键词：US economy;economic stagnation;austerity policies;global imbalances;inequality