Abstract

http://ssrn.com/abstract=1583281
 


 



Whither the U.S. Economy?


Francis E. Warnock


University of Virginia - Darden Business School; National Bureau of Economic Research (NBER)

Peter L. Rodriguez


University of Virginia - Darden School of Business


Darden Case No. UVA-BP-0542

Abstract:     
The nine months leading up to April 2009 were among the most difficult and uncertain in U.S. economic history. A series of destabilizing events had led to substantial uncertainty and panic throughout the economy: Three of the five largest U.S. investment banks had failed, the stock market had fallen by 40%, the Fed had doubled its balance sheet, and the federal budget deficit had expanded to well over $1 trillion. Moreover, the crisis had spread from the United States to the world's leading economies and seemed to signal the beginning of an extraordinary rebalancing of the world economy. This case explores the challenge facing the U.S. economy in spring 2009, the global economic forces and trends affecting the economy, and the likely course of key macroeconomic variables: real and nominal interest rates, exchange rates, GDP growth, inflation and budget deficits.

Number of Pages in PDF File: 25

Keywords: economic development

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Date posted: April 5, 2010  

Suggested Citation

Warnock, Francis E. and Rodriguez, Peter L., Whither the U.S. Economy?. Darden Case No. UVA-BP-0542. Available at SSRN: http://ssrn.com/abstract=1583281

Contact Information

Francis E. Warnock (Contact Author)
University of Virginia - Darden Business School ( email )
P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924-6076 (Phone)
HOME PAGE: http://faculty.darden.virginia.edu/warnockf/index.htm
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138-5398
Peter L. Rodriguez
University of Virginia (UVA) - Darden School of Business ( email )
P.O. Box 6550
Charlottesville, VA 22906-6550
United States
HOME PAGE: http://www.darden.virginia.edu/faculty/rodriguez.htm
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