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

1USAEA2008001 Image
Price:  $18.00

Release Date: © July, 2008
ISBN : 978-1-45183-971-5
Stock #: 1USAEA2008001
English
Stock Status: On back-order

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Description

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.

Taxonomy

Bank regulations , Banks and banking , Economic policy , Financial crisis , Financial institutions and markets , Fiscal policy , Inflation , International financial system , Loans , Monetary policy




More publications in this series: IMF Staff Country Reports