1. The US Economic Outlook
- Author:
- Martin Neil Baily and Jacob Funk Kirkegaard
- Publication Date:
- 04-2005
- Content Type:
- Working Paper
- Institution:
- Peterson Institute for International Economics
- Abstract:
- Oil prices have risen and are expected to remain high. Slow job and wage growth result in slow income growth. Low interest rates kept housing and auto sales strong after 2000 – borrowing future growth. No new stimulus from monetary or fiscal policy. The Iraq war and the terrorism threat may be a drag on confidence. Because 9/11 did not have significant macroeconomic effects, the impact of the war and terrorism seems to be mostly on oil prices No new stimulus from monetary or fiscal policy.
- Topic:
- Debt, Economics, and International Trade and Finance
- Political Geography:
- United States and Iraq