The Economic Policy of Ronald Reagan. Between Supply-Side and Keynesianism
“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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- Danziger, Sheldon, 1983. "Budget Cuts as Welfare Reform," American Economic Review, American Economic Association, vol. 73(2), pages 65-70, May.
- Orzechowski, William, 1991. "Reaganomics and the Use of Collective Rebates," Public Choice, Springer, vol. 69(3), pages 311-322, March.
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- 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.
- 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 357-361, May.
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