Article ID Journal Published Year Pages File Type
968527 Journal of Policy Modeling 2014 8 Pages PDF
Abstract

Why has the American economy performed so poorly in the past decade, especially in comparison with the two prior decades? This paper makes the theoretical and empirical case that a series of economic policy decisions provides the most satisfactory explanation and that policy reform will restore good economic performance. The paper also considers alternative explanations including the idea of a new secular stagnation unrelated to policy and the view that the deep financial crisis inevitably delayed recovery from the recession.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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