The Economic Policy of Ronald Reagan. Between Supply-Side and Keynesianism
Abstract“Reaganomics” is a popular term used to refer to the economic policies of Ronald W. Reagan, the 40th U.S. President (1981–1989), which called for widespread tax cuts, decreased social spending, increased military spending, and the deregulation of domestic markets. In this paper, we analyze American economic policy during the Eigh-ties. After a brief introduction, where a general economic context of that country is shown, we discuss and revise the economic literature about these issues. Afterwards, we present an augmented IS-LM model for Reagan years, estimated bay VAR techniques.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 25537.
Date of creation: 30 Jun 2010
Date of revision:
Reaganomics; Supply-Side Economics; Laffer curve; tax cuts; twin deficits; IS-LM model; VAR.;
Find related papers by JEL classification:
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
- N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-10-23 (All new papers)
- NEP-HPE-2010-10-23 (History & Philosophy of Economics)
- NEP-PBE-2010-10-23 (Public Economics)
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- Smyth, David J & Dua, Pami, 1988. "Public Perceptions of Macroeconomic Policy: An Econometric Analysis of the Reagan Presidency," The Review of Economics and Statistics, MIT Press, vol. 70(2), pages 357-61, May.
- Adrian W. Throop, 1991. "Fiscal policy in the Reagan years: a burden on future generations?," Economic Review, Federal Reserve Bank of San Francisco, issue Win, pages 3-23.
- Stephen N. Marris, 1985. "The Decline and Fall of the Dollar: Some Policy Issues," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 16(1), pages 237-244.
- Modigliani, Franco, 1988. "Reagan's Economic Policies: A Critique," Oxford Economic Papers, Oxford University Press, vol. 40(3), pages 397-426, September.
- Orzechowski, William, 1991. " Reaganomics and the Use of Collective Rebates," Public Choice, Springer, vol. 69(3), pages 311-22, March.
- Danziger, Sheldon, 1983. "Budget Cuts as Welfare Reform," American Economic Review, American Economic Association, vol. 73(2), pages 65-70, May.
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