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A View on the United States from Europe

A View on the United States from Europe Abstract The recent behaviour of the U.S. economy poses two conundrums: short-term interest rates are much lower than would normally be expected, and the yield curve is flat. These suggest to many European observers that U.S. economic prospects are not as rosy as often depicted. In particular, deficits in the federal budget and the current account are not sustainable in European eyes; and significant Fed tightening will be necessary, thus causing a significant deceleration of U.S. growth. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Business Economics Springer Journals

A View on the United States from Europe

Business Economics , Volume 40 (3): 5 – Jul 1, 2005

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References (3)

Publisher
Springer Journals
Copyright
2005 National Association for Business Economics
ISSN
0007-666X
eISSN
1554-432X
DOI
10.2145/20050304
Publisher site
See Article on Publisher Site

Abstract

Abstract The recent behaviour of the U.S. economy poses two conundrums: short-term interest rates are much lower than would normally be expected, and the yield curve is flat. These suggest to many European observers that U.S. economic prospects are not as rosy as often depicted. In particular, deficits in the federal budget and the current account are not sustainable in European eyes; and significant Fed tightening will be necessary, thus causing a significant deceleration of U.S. growth.

Journal

Business EconomicsSpringer Journals

Published: Jul 1, 2005

Keywords: economics, general; political economy/economic systems; business and management, general

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