Reagan's Economic Policies: A Critique
AbstractThe Reagan administration is credited with one major success: the reduction in inflation. But it was not achieved painlessly, through "monetarism" and "supply" policies. Money growth swung widely and disinflation required, as always, a high and protracted unemployment rate. The deep tax cuts failed to increase saving, but contributed to the largest deficits in U.S. peace time history, high interest rates , dollar overvaluation, loss of competitiveness, and rising foreign d ebt. Output grew weekly as unemployment was high through 1987 and productivity growth low. Nonetheless, real per capita disposable income grew substantially, but thanks to the tax reductions and gains in terms of trade which are destined to reverse. Copyright 1988 by Royal Economic Society.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Economic Papers.
Volume (Year): 40 (1988)
Issue (Month): 3 (September)
Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Fax: 01865 267 985
Web page: http://oep.oupjournals.org/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Schnabl, Gunther, 2001.
"Weak economy and strong currency: The origins of the strong yen in the 1990's,"
218, University of Tübingen, School of Business and Economics.
- Gunther Schnabl, 2001. "Weak Economy and Strong Currency: The Origins of the Strong Yen in the 1990s," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 70(4), pages 489-503.
- Gunther Schnabl, 2004. "Weak Economy and Strong Currency - The Origins of the Strong Yen in the 1990s," International Finance 0404017, EconWPA.
- Keith M. Carlson, 1989. "Federal budget trends and the 1981 Reagan economic plan," Review, Federal Reserve Bank of St. Louis, issue Jan, pages 18-31.
- Adrian W. Throop, 1989. "Reagan fiscal policy and the dollar," Economic Review, Federal Reserve Bank of San Francisco, issue Sum, pages 18-26.
- Magazzino, Cosimo, 2010. "The Economic Policy of Ronald Reagan. Between Supply-Side and Keynesianism," MPRA Paper 25537, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.