"A New 'Lehman Moment,' or Something Worse? A Scenario of Hitting the Debt Ceiling"

The United States entered the second week of a government shutdown on Monday, with no end to the deadlock in sight. The cost to the government of a similar shutdown in 1995-96 amounted to $2.1 billion in today's dollars. However, the cost and broader consequences of today's shutdown are not yet clear--especially since the US economy is in the midst of an anemic recovery from the biggest economic crisis of the last eight decades.

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Year of publication:	2013-09
Authors:	Nikiforos, Michalis
Institutions:	Levy Economics Institute

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Extent:	application/pdf
Series:	Economics Policy Note Archive.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010705522