Policies for Prosperity: Essays in a Keynesian Mode

Administration aggregate demand American assets billion capacity capital formation cent of GNP cent unemployment central bank commodity competitive Congress consumption costs countries cyclical debt decline demand management deposits disinflation dollar economic economists effects excess expectations Federal Reserve fiscal and monetary fiscal policy full employment future growth guideposts higher incentives incomes policies indexes inertial inflation inflation rate inflationary institutions investment Keynes Keynes's Keynesian Keynesian economics labour Laffer Curve less lower macroeconomic macroeconomic policies markets ment monetarist monetary and fiscal monetary policy NAIRU nominal interest nominal interest rates OPEC outlays output Paul Volcker policy makers policy mix political President production programmes prosperity Reagan real interest rates real wages recession recovery relative revenues saving shocks social spending stability stagflation strategy supply supply-side targets tax cuts theory trend unemployed unemployment rate United velocity Volcker wage and price workers