European Parliament Library

United States :, Staff Report for the 2011 Article IV Consultation

The U.S. economy continues to recover at a modest pace, in line with international experience following severe financial crises. The key priority for fiscal policy is to stabilize the debt ratio and gradually reduce it. The fiscal framework should include an endorsement of the main medium-term fiscal objectives. Executive Directors recommend policy efforts to ease the adjustment of the housing and labor markets. Strengthening the domestic and international crisis-prevention architecture for financial institutions should be a priority. A multilateral approach to economic policy management is critical
Table Of Contents
Cover; CONTENTS; BACKDROP: A TEPID RECOVERY AMID STRAINED MACROECONOMIC POLICIES; THE ANATOMY OF THE SLOW RECOVERY; BOXES; 1. The Future of Securitization in the United States; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Fiscal Policy: In Search of a Medium-Term Framework; 2. U.S. Policy Spillovers to the Rest of the World; 3. Long-Term Outlook for the U.S. Federal Government Finances; 4. Fiscal Challenges Facing the U.S. State and Local Governments; 5. Short-Run Effect of Fiscal Policy on Activity; B. Housing Markets: The Challenge of Easing Adjustment
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (73 p.)
Specific Material Designation
Form Of Item

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