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The Economic Agenda: a View from the US

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  • Michael Boskin

Abstract

The paper surveys the agenda needed to restore noninflationary growth in industrial countries. The role of fiscal policy as short‐run stimulus both on the spending side and on the tax side is discussed. The author comments on trade, specifically the new trade round, and international finance. Long‐run fiscal imbalances due to aging are analyzed. The role of fiscal institutions such as the European Growth and Stability Pact, the Japanese bad‐loan problem, and structural problems are put into the perspective that advanced economies should nurture their reforms globally so as to provide successful examples of reforms and prove helpful trading partners.

Suggested Citation

  • Michael Boskin, 2004. "The Economic Agenda: a View from the US," Review of International Economics, Wiley Blackwell, vol. 12(2), pages 178-186, May.
    • Handle: RePEc:bla:reviec:v:12:y:2004:i:2:p:178-186
    DOI: 10.1111/j.1467-9396.2004.00441.x
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