The United States causes repeated financial crises, and yet it enjoys more growth than other countries: Why?
It is surprising to see that even though the United States is at the root of financial crises, growth is higher in the United States than in the other OECD countries. How can this be explained? Between crises, asset price bubbles boost US growth; Despite the crises, global capital is attracted to the United States; Labour market flexibility and drastic countercyclical policies in the United States allow it to rapidly emerge from crises.