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December 1984

Posted 1984-12-01

The 1981 Personal Income Tax Cuts: A Retrospective Look at Their Effects on the Federal Tax Burden

by John A. Tatom

John A. Tatom examines whether the 1981 federal tax rate reductions have reduced the federal tax burden. Comparing federal tax burdens in 1980 and 1984, Tatom concludes that federal tax burdens were greater in 1984 for most American families.

Posted 1984-12-01

Real Interest Rates: What Accounts for Their Recent Rise?

by A. Steven Holland

A. Steven Holland estimates both short- and long-term real interest rates and shows that they have been higher during the 1980s than in the previous two decades. Most of this upward movement in real rates occurred during late 1980 and early 1981.

Posted 1984-12-01

Monetizing the Debt

by Daniel L. Thornton

Daniel L. Thornton reviews the meaning of the phrase “monetizing the debt.” The author points out that today, as in the past, monetizing the debt means money growth—induced by rapid growth of the federal debt—in excess of that needed to achieve some monetary policy objective.

Posted 1984-12-01

The Monetary versus Fiscal Policy Debate: Lessons from Two Decades:

Preface and Acknowledgments

Posted 1984-12-01

The Monetary versus Fiscal Policy Debate: Lessons from Two Decades:

Monetary Versus Fiscal Policy Effects: A Review of the Debate

by Bennett T. McCallum

Posted 1984-12-01

The Monetary versus Fiscal Policy Debate: Lessons from Two Decades:

Fiscal Policy in Macro Theory: A Survey and Evaluation

by Karl Brunner

Posted 1984-12-01

The Monetary versus Fiscal Policy Debate: Lessons from Two Decades:

Commentary on "Fiscal Policy in Macro Theory: A Survey and Evaluation"

by Robert J. Gordon

Posted 1984-12-01

The Monetary versus Fiscal Policy Debate: Lessons from Two Decades:

Ruminations on Karl Brunner's Reflections

by Alan S. Blinder

Posted 1984-12-01

The Monetary versus Fiscal Policy Debate: Lessons from Two Decades:

Can Policy Activism Succeed? A Public Choice Perspective

by James M. Buchanan

Posted 1984-12-01

The Monetary versus Fiscal Policy Debate: Lessons from Two Decades:

An Appeal for Rationality in the Policy Activism Debate

by John B. Taylor


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