America's amazing expansion

Article Abstract:

The US has enjoyed economic growth for 107 months, the longest period ever recorded, and unemployment has dropped to low levels without inflation rising. The business cycle has not disappeared, though its nature may have changed. A drop in commodity prices and the Asian crisis have eased inflationary pressures, though this is changing. There is also concern about consumer and corproate debt and the current account deficit. Firm monetary policy may help prevent the need for drastic measures in the future.

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Lengthening shadows

Article Abstract:

The US economy looks increasingly bleak, with job losses rising, manufacturing still in decline and companies cutting back. Many analysts believe the recession will be short and relatively mild, but this depends on fiscal and monetary policy succeeding in stimulating the economy.

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Productivity on stilts

Article Abstract:

Economic growth an productivity in the US are examined in detail, and productivity differentials by sector are discussed.

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