000			01617cam a2200265 4500
008			720802s1972 dcu bs 000 0 eng
040			_aDLC _cDLC
050	0	0	_aHC106.6 _b.F46
082	0	0	_a330.9'73'092 _bFEL
100	1		_aFellner, William John.
245	1	0	_aEconomic policy and inflation in the sixties /
260			_aWashington : _bAmerican Enterprise Institute for Public Policy Research, _cc1972.
300			_a267 p. :ill,
440		0	_aDomestic affairs studies ;
504			_aIncludes bibliographical references.
520			_aThe 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.
590			_ahza 10/07/2018
591			_aLoans
650		0	_aInflation (Finance)
651		0	_aUnited States.
700			_aCagan, Phillip.
700			_aEstey, Marten.
942			_2ddc _cBOOK
949			_a330.9'73'092 FEL
999			_c9085 _d9085