The Resource Macroeconomic strategy for the 1990s : getting the long run right, Robert A. Levine, Peter J.E. Stan

Macroeconomic strategy for the 1990s : getting the long run right, Robert A. Levine, Peter J.E. Stan

Label
Macroeconomic strategy for the 1990s : getting the long run right
Title
Macroeconomic strategy for the 1990s
Title remainder
getting the long run right
Statement of responsibility
Robert A. Levine, Peter J.E. Stan
Creator
Contributor
Subject
Language
eng
Summary
The central economic debate for the first half of 1993, couched in terms of short-run economic stimulus versus long-run deficit reduction was misleading for U.S. long-run strategy. Our long-run depends on growth, but economic growth does not have the close relationship to deficit reduction that is frequently asserted, and deficit reduction should not become the central objective of economic strategy that it is becoming. It has been asserted that: (1) U.S. productivity is decreasing, but the record of the 1980s does not bear this out; (2) productivity increases depend on increased investment in business plant and equipment, but technological change and associated factors like education are important; and (3) investment in U.S. plant and equipment has been decreasing because of decreased American savings caused by increased deficits, but investment has not been decreasing, although more of it has been financed from abroad. In any case, increased consumption is frequently a better way of increasing investment than is increased saving. The drive to cut the deficit may thus exert a long-run downward pressure on growth and employment. Further, it may also cut back public expenditures for infrastructure and other needs, which may be as important for growth as private investment. None of this means that the deficit should be ignored. It does mean that it should be put into proper proportion relative to the total of the factors needed to encourage economic growth
Cataloging source
DLC
http://library.link/vocab/creatorName
Levine, Robert A
Illustrations
illustrations
Index
no index present
LC call number
HC106.82
LC item number
.L49 1993
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorDate
1955-
http://library.link/vocab/relatedWorkOrContributorName
Stan, Peter J. E.
http://library.link/vocab/subjectName
  • United States
  • United States
  • USA
  • Macroeconomics
  • BUSINESS & ECONOMICS
  • Economic policy
  • Macroeconomics
  • Wirtschaftspolitik
  • Wirtschaftspolitik
  • USA
Label
Macroeconomic strategy for the 1990s : getting the long run right, Robert A. Levine, Peter J.E. Stan
Instantiates
Publication
Note
"MR-325-RC."
Bibliography note
Includes bibliographical references
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
23 cm
Extent
xx, 46 pages
Isbn
9780833014498
Lccn
93006415
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
  • (OCoLC)28724417
  • (OCoLC)ocm28724417
Label
Macroeconomic strategy for the 1990s : getting the long run right, Robert A. Levine, Peter J.E. Stan
Publication
Note
"MR-325-RC."
Bibliography note
Includes bibliographical references
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
23 cm
Extent
xx, 46 pages
Isbn
9780833014498
Lccn
93006415
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
  • (OCoLC)28724417
  • (OCoLC)ocm28724417

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