Search Results

Strong Credit Demands, But No "Crunch" in Early 1973 - Review

Many observers in the financial community have been concerned about the potential emergence of a credit crunch. Last fall, economic forecasters indicated that the occurrence of such a crunch was a major potential blight on an otherwise optimistic outlook for 1973.

research.stlouisfed.org/.../review/1973/06/01/strong-credit-demands-but-no-crunch-in-early-1973

Business Recovery Continues - Review

The economy recently passed the two-year mark in its recovery from the recession which ended in November 1970. The record of business cycles over the past two decades indicates that two of the three previous recoveries were halted in less than three years. The recovery following the recession of 1953-54 lasted two years and eleven months, and the recovery following the 1957-58 downturn endured two years and one month.

research.stlouisfed.org/publications/review/1973/02/01/business-recovery-continues

Population, The Labor Force, and Potential Output: Implications for the St. Louis Model - Review

Population, the labor force and output have been increasing in this country for the past two hundred years. The simple observation that population growth leads to increases in the labor force and, consequently, to employment and output gains, holds quite well over the long run, but the relationships are considerably more complex over shorter periods.

research.stlouisfed.org/.../

The "Crowding Out" of Private Expenditures by Fiscal Policy Actions - Review

Fiscal policy — Federal Government spending and taxing programs was given the dominant role in economic stabilization efforts during the decade of the 1960’s. The income tax cut of 1964 was designed to accelerate time movement toward full employment after about three year’s of what was considered by some a rather slow rate of economic expansion following the recession of 1960-61. The income tax surcharge and a reduction in the rate of increase in Government spending were adopted in 1968 to curb the inflation of the last half of the 1960’s.

research.stlouisfed.org/.../01/the-crowding-out-of-private-expenditures-by-fiscal-policy-actions

The Economy in 1972 - Review

Although most projections of the pace of economic activity this year are quite optimistic, uncertainty continues to cloud the 1972 economic horizon. With unemployment still high by historical standards, many people remain concerned about their ability either to obtain a job to their liking or to retain their present one.

research.stlouisfed.org/publications/review/1972/02/01/the-economy-in-1972

The National Plans to Curb Unemployment and Inflation - Review

Low rates of inflation and unemployment have not occurred simultaneously in this country for a number of years. Each successive administration has been committed to take actions to achieve this objective since the Employment Act of 1946.

research.stlouisfed.org/.../1973/04/01/the-national-plans-to-curb-unemployment-and-inflation

Crowding Out and Its Critics - Review

Does Government spending displace a near equal amount of private spending? This notion, popularly known as the “crowding-out” effect of Government expenditures, has recently gained wide-spread attention at two levels. First, at the policy level, public officials have expressed concern, that massive current and projected Federal deficits will have a deleterious effect on private capital expenditures for some time to come. Second, at the academic level, “crowding out” is at least one of the issues which helps to distinguish between followers of the two major macroeconomic schools of thought—Keynesians and monetarists.

research.stlouisfed.org/publications/review/1975/12/01/crowding-out-and-its-critics