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Cover Art
E-RESOURCE
Author Lee, Jaewoo.

Title U.S. Consumption after the 2008 Crisis [electronic resource] / Jaewoo Lee.

Published Washington, D.C. : International Monetary Fund, 2010.

Copies

Location Call No. Status
 UniM INTERNET resource    AVAILABLE
Physical description 1 online resource (23 p.)
Series IMF Staff Position Notes; Staff Position Note ; No. 2010/01
IMF Staff Position Notes; Staff Position Note ; No. 2010/01
Summary U.S. household consumption declined sharply in late 2008, marking a departure from the trend of a steady increase in U.S. consumption as a share of income since the 1980s. Combining econometric and simulation analysis, we estimate that this departure will be sustained beyond the crisis: the U.S. household consumption rate will likely decline somewhat further from its current level, as the saving rate rises to around 6 percent of disposable personal income (from nearly 5 percent in 2009). Compared to the pre-crisis years (2003-07), this saving rate implies a decline in U.S. private-sector demand on the order of 3 percentage points of GDP.
Notes Description based on print version record.
Other author Lee, Jaewoo.
Rabanal, Pau.
Sandri, Damiano.
Subject Aggregate Consumption
Consumption Rate
Disposable Personal Income
Income Growth
Labor Income
Quantitative
ISBN 1455222968 : 10.00 USD
9781455222964
ISSN 2072-3202
Standard Number 10.5089/9781455222964.004