Results 1 - 10 of 10 for recession [Year: 1984]
Dutch Disease or Monetarist Medicine?: The British Economy under Mrs. Thatcher - Review
K. Alec Chrystal discusses the performance of the British economy over the last few years. Focusing on the impact of the British government’s policies under Mrs. Thatcher, he argues that these policies have not been as restrictive as is often claimed.
Mack Ott examines the relation between the value of additions to business capital equipment and plant and the Accelerated Cost Recovery System (ACRS) enacted in 1981. ACRS has been controversial since its enactment because it reduced effective corporate tax rates; it is a central issue in the administration’s current tax reform proposal.
Employment Trends in St. Louis: 1954-82 - Review
G. J. Santoni describes the current employment distribution in the St. Louis labor market, compares longer-run growth in St. Louis employment with other similarly sized metropolitan areas and the nation, and assesses the recent growth in St. Louis employment in terms of these longer-run trends.
research.stlouisfed.org/.../publications/review/1984/01/01/employment-trends-in-st-louis-1954-82/
Real Interest Rates: What Accounts for Their Recent Rise? - Review
The author 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.
research.stlouisfed.org/.../1984/12/01/real-interest-rates-what-accounts-for-their-recent-rise
John A. Tatom explains the links between the variability of money growth and the variability of interest rates and between the latter and economic performance. Tatom describes the theoretical channels through which an increase in risk affects the economy, including how it reduces both the demand for and the supply of current goods and services.
A Perspective on the Federal Deficit Problem - Review
John A. Tatom argues that triple-digit deficits in 1982 and 1983 arose largely from the strong cyclical downturn in the economy, not from policy actions such as increased defense spending, recent “cuts” in personal income taxes, or burgeoning transfer programs.
research.stlouisfed.org/.../review/1984/06/01/a-perspective-on-the-federal-deficit-problem/
Commentary on "Fiscal Policy in Macro Theory: A Survey and Evaluation" - Review
Commentary on "Fiscal Policy in Macro Theory: A Survey and Evaluation" by Karl Brunner.
research.stlouisfed.org/.../01/commentary-on-fiscal-policy-in-macro-theory-a-survey-and-evaluation
The Money-GNP Link: Assessing Alternative Transaction Measures - Review
R. W. Hafer notes that some have questioned the reliability of the link between M1 and GNP, given recent velocity developments in 1982 and 1983. He investigates the empirical relationship between economic activity and two alternative transaction measures of money.
research.stlouisfed.org/.../03/01/the-money-gnp-link-assessing-alternative-transaction-measures/
What Can Central Banks Do About the Value of the Dollar? - Review
Dallas S. Batten and Mack Ott examine whether policymakers can do anything to reduce the dollar’s currently high exchange rate. While many commentators on U.S. economic policy have argued that the high value of the dollar is to blame for a variety of domestic and international ills, few have gone on to offer constructive proposals for U.S. policymakers.
research.stlouisfed.org/.../1984/05/01/what-can-central-banks-do-about-the-value-of-the-dollar/
Fiscal Policy in Macro Theory: A Survey and Evaluation - Review
The author reviews the fiscalist-monetarist debate of the late sixties and early seventies and evaluates the empirical work bearing on the central questions addressed at the time. He then discusses the range of issues raised by the neoclassical cum rational expectations approach and examines a number of problems recently associated with transitory and permanent deficits.
research.stlouisfed.org/.../1984/12/01/fiscal-policy-in-macro-theory-a-survey-and-evaluation
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