TY  - BOOK
AU  -  Fellner, William
TI  - Contemporary economic problems 1978
SN  - 0844713309
U1  - 330.9'73'0926 
PY  - 1978///
CY  - Washington :  
PB  - American Enterprise Institute for Public Policy Research
KW  - Inflation (Finance) — United States
KW  - Fiscal policy — United States
KW  - Monetary policy — United States
KW  - Inflation [Finance] — United States — Addresses, essays, lectures
KW  - United States — Economic policy — 1971-
KW  - United States — Economic conditions — 1971-
KW  - United States — Economic policy — 1971- — Addresses, essays, lectures
KW  - United States — Economic conditions — 1971- — Addresses, essays, lectures
KW  - United States — Economic policy — 1971-1981
KW  - United States — Economic conditions — 1971-1981
KW  - United States
N2  - This volume deals with the current controversy on anti-inflation policy. Because it is convenient to identify this focal point in macroeconomic terms, the introduction supplement's Cagan’s study more directly, or at least more explicitly, than the other studies in this volume. But the work of all contributors to the volume bears quite closely on the problem to which the introduction and Cagan’s study are devoted. In these two pieces the concept of the “slack” available for the production of additional output plays a prominent role, and so does the question of what amount of slack may become associated with alternative policies. The now conventional methods of estimating the slack are seriously misleading, and the reasons for this cannot be understood without paying a good deal of attention to the structural problems with which the bulk of this volume is concerned
ER  -