European Parliament Library

United States :, 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

This 2008 Article IV Consultation highlights that problems in the housing and financial markets over the past year have combined to slow the United States’ economy substantially. As the residential investment downturn accelerated and national indices of housing prices started falling, mortgage defaults rose sharply, and bank losses mounted. Policymakers have responded aggressively to these developments. IMF staff analysis suggests that the dollar is closer to its medium-term equilibrium level, although still on the strong side
Table Of Contents
Cover; Contents; I. Background; Figures; 1. Recent Indicators; 2. Anatomy of a Housing Boom and Bust; II. Balance Sheet Strains; A. Housing and Households; Boxes; 1. International Spillovers; 3. Household Cash Flow and Balance Sheets; B. Financial Intermediaries; 4. The Banking Sector Leverage Cycle; III. Macrofinancial Linkages; 5. Deleveraging; 6. Macro-Financial Linkages; 7. Corporate Sector Cash Flow and Balance Sheets; IV. The Resulting Outlook; 8. Outlook and Risks; V. Macroeconomic Policy Responses; A. Monetary Accommodation; 9. Monetary Policy Indicators; B. Fiscal Support
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (67 p.)
Specific Material Designation
Form Of Item

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