International Journal of Business and Economics Volume 9, No. 3 December, 2010

The Role of Macro Imbalances in the US Recession of 2007–2009

Biru Paksha Paul

Department of Economics, State University of New York at Cortland, U.S.A.

Keywords：US economy, great recession, financial crisis, cheap money, macro imbalances, twin deficits.

JEL Classifications：E32, E44, E52, E62, F41.

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