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|z 9781455222964
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|a 2617-6742
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|a BD-DhAAL
|c BD-DhAAL
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|a Lee, Jaewoo.
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|a U.S. Consumption after the 2008 Crisis /
|c Jaewoo Lee, Pau Rabanal, Damiano Sandri.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2010.
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|a 1 online resource (23 pages)
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|a IMF Staff Position Notes
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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.
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|a Mode of access: Internet
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|a Rabanal, Pau.
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|a Sandri, Damiano.
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|a IMF Staff Position Notes; Staff Position Note ;
|v No. 2010/001
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/004/2010/001/004.2010.issue-001-en.xml
|z IMF e-Library
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