[PDF] The Supply Side Effects Of Economic Policy eBook

Author : L.H. Meyer
Publisher : Springer
Page : 280 pages
File Size : 11,29 MB
Release : 2011-11-05
Category : Business & Economics
ISBN : 9789400981768

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On October 24 and 25, 1980, the Center for the Study of American Business at Washington University and the Federal Reserve Bank of St. Louis cosponsored their fifth annual conference, "The Supply-Side Effects of Economic Policy." This volume contains the papers and comments delivered at that conference. Proponents of "supply-side economics" have challenged the policy recommendations that emerge from "Keynesian" macroeconometric models. These models focus on the effects of economic policy on the demand for output. Supply-side economics, in contrast, emphasizes the response of output to changes in the supply of inputs. Decisions affecting the capital stock and employment-in particular, saving and investment decisions and labor force participation and hours decisions-are the focus of the supply-siders' attention. The 1980 conference examined most of the major themes associated with supply-side economics. The papers in Part I of this volume develop the theory underlying various supply-side propositions and present empirical evidence in support of some of these propositions. In Part II, the effect of taxes on capital formation and the effect of increased capital formation on output growth and inflation are examined. The effect of tax and transfer programs on labor supply, employment and unemployment are examined in Part III. The final section contains the special luncheon and dinner presentations.

Author : Washington University (Saint Louis, Mo.). Center for the Study of American Business
Publisher : Springer
Page : 288 pages
File Size : 19,77 MB
Release : 1981-12-31
Category : Business & Economics
ISBN :

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On October 24 and 25, 1980, the Center for the Study of American Business at Washington University and the Federal Reserve Bank of St. Louis cosponsored their fifth annual conference, "The Supply-Side Effects of Economic Policy." This volume contains the papers and comments delivered at that conference. Proponents of "supply-side economics" have challenged the policy recommendations that emerge from "Keynesian" macroeconometric models. These models focus on the effects of economic policy on the demand for output. Supply-side economics, in contrast, emphasizes the response of output to changes in the supply of inputs. Decisions affecting the capital stock and employment-in particular, saving and investment decisions and labor force participation and hours decisions-are the focus of the supply-siders' attention. The 1980 conference examined most of the major themes associated with supply-side economics. The papers in Part I of this volume develop the theory underlying various supply-side propositions and present empirical evidence in support of some of these propositions. In Part II, the effect of taxes on capital formation and the effect of increased capital formation on output growth and inflation are examined. The effect of tax and transfer programs on labor supply, employment and unemployment are examined in Part III. The final section contains the special luncheon and dinner presentations.

Author : Thomas J. Hailstones
Publisher : Prentice Hall
Page : 324 pages
File Size : 24,18 MB
Release : 1982
Category : Business & Economics
ISBN :

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This volume contains some primer material and most of the contributions are at the conversational level, directed mainly at the nonspecialist. Covers a broad selection of issues with contributors ranging from Arthur Laffer on the advocacy side to James Tobin for the opposition. Includes a discussion on the validity of Keynesian economics and specific aspects of the Reagan economic program. ISBN 0-8359-8386-2.

Author : Richard H. Fink
Publisher : Frederick, Md. : Aletheia Books
Page : 520 pages
File Size : 16,47 MB
Release : 1982
Category : Economic policy
ISBN :

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"Aletheia books" Includes bibliographical references.

Author : Mr.Jorge Roldos
Publisher : International Monetary Fund
Page : 36 pages
File Size : 40,10 MB
Release : 1994-07-01
Category : Business & Economics
ISBN : 1451954425

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This paper focuses on the short-run and long-run supply-side effects of disinflation programs in a two-sector economy. Fixing the exchange rate reduces the wedge between the return on foreign assets and that on domestic capital, leading to an increase in the latter. After an initial real exchange rate appreciation and increase in the production of nontradables—due to a consumption boom—the new capital is gradually installed in the tradable sector. During this transitional period, further real appreciation takes place—as the expansion of the tradable sector pulls labor away from the nontradable sector—together with investment-driven deficits in the current account. We conclude that when appreciation and deficits are due to supply-side rigidities, rather than to credibility and/or price stickiness, no further policies (i.e., capital controls, incomes policies) are advisable.

Author : Richard Hemming
Publisher : International Monetary Fund
Page : 62 pages
File Size : 17,96 MB
Release : 2002-12
Category : Business & Economics
ISBN :

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This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.

Author : Michael K. Evans
Publisher : New York : Basic Books
Page : 328 pages
File Size : 20,45 MB
Release : 1983-06-14
Category : Supply-side economics
ISBN :

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The myths of supply-side economics; The enduring truths of supply-sie economics; Policy implications.