Underwater Recession

Authors

Vernon L. Smith, Chapman UniversityFollow
Joy A. Buchanan, George Mason UniversityFollow
Steven D. Gjerstad, Chapman UniversityFollow

Document Type

Article

Publication Date

2012

Abstract

The Fed’s post-September 2008 monetary policy hasn’t worked as usual to stimulate a recovery. The reason lies in the unprecedented depths of the housing collapse. Conclusion: The United States must export its way to robust growth, as other countries have done.

Comments

This article was originally published in The American Interest in May/June 2012.

Recommended Citation

Smith, V.L., Buchanan, J.A., & Gjerstad, S. (2012, May/June). Underwater recession. The American Interest, May/June 2012, 20-28.

Copyright

The American Interest LLC