Central Bank of Nigeria Library

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Economic policy and inflation in the sixties /

By: Contributor(s): Material type: TextTextSeries: Domestic affairs studiesPublication details: Washington : American Enterprise Institute for Public Policy Research, c1972.Description: 267 p. :illSubject(s): DDC classification:
  • 330.9'73'092 FEL
LOC classification:
  • HC106.6 .F46
Summary: The essay reexamines the record of the 1960s and early 1970s in order to appraise the performance of fiscal policy during the period. Section one provides a short survey and appraisal of fiscal action and inaction over ten years in order to place what follows in perspective. Section two describes briefly the economic analysis- the so-called "new economics"- underlying the 1964 tax cut and the apparent success of fiscal policy through mid-1965. The next three sections review the years of excess aggregate demand that began in 1966 and the period of softness that followed, with a lag, the eventual adoption in mid-1968 of significant fiscal measures to restrain inflation. The final section discusses what went wrong beginning in 1966, why, and what can be done to prevent recurrences of the experiences that began in the late 1960s.
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Holdings
Item type Current library Collection Call number Status Date due Barcode
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 330.9'73'092 FEL (Browse shelf(Opens below)) Available 31008100159728

Includes bibliographical references.

The essay reexamines the record of the 1960s and early 1970s in order to appraise the performance of fiscal policy during the period. Section one provides a short survey and appraisal of fiscal action and inaction over ten years in order to place what follows in perspective. Section two describes briefly the economic analysis- the so-called "new economics"- underlying the 1964 tax cut and the apparent success of fiscal policy through mid-1965. The next three sections review the years of excess aggregate demand that began in 1966 and the period of softness that followed, with a lag, the eventual adoption in mid-1968 of significant fiscal measures to restrain inflation. The final section discusses what went wrong beginning in 1966, why, and what can be done to prevent recurrences of the experiences that began in the late 1960s.

hza 10/07/2018

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