61. A Green Recovery? Assessing US Economic Stimulus and the Prospects for International Coordination
- Author:
- Trevor Houser, Shashank Mohan, and Robert Heilmayr
- Publication Date:
- 02-2009
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- As the 111th Congress begins and a new president takes office, the economic crisis dominates the US policy agenda. The financial system remains in a tenuous state despite massive bank recapitalization, and the economy, more than a year into the current recession, shows no signs of recovery. Given the scale of the challenge Washington faces and the amount of money required to combat it, there will likely be little room for other legislative priorities. As a result, policymakers are hoping to direct government spending over the next two years in a way that not only generates short-term economic growth and employment but also addresses long-term policy goals sidelined by the current crisis.
- Topic:
- International Relations, Climate Change, Economics, Environment, International Political Economy, and International Trade and Finance
- Political Geography:
- United States