Editorial

摘要

Part A of this Special Issue on "Growth or Stagnation after Recession" arose out of the Session that I organized and chaired at the Annual Meeting of the American Economic Association (AEA) held in Atlanta, GA, on January 3, 2010.rnRecovery from the deepest recession of the postwar period started in the second half of 2009, but recovery is slow, and there is even the danger of falling back into recession. But this crisis, as all crises, will eventually come to an end. The question asked the Panelists was "Will the United States Grow Rapidly or Face Stagnation a-la-Japanese during this Decade?" The topic is crucial and the Panelists most distinguished. Edmund Phelps could not participate in the Panel itself but nevertheless contributed an important paper to the topic of this Special Issue while Kenneth Rogoff participated in the panel but did not deliver a paper for inclusion in this Special Issue.