Economic Report of the President: Hearings Before the Joint Economic Committee, Congress of the United StatesU.S. Government Printing Office, 1967 |
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Page 8
... policy is more challenging in today's high - level economy than in an economy with an abundance of under- utilized ... monetary and fiscal measures . The record of the Federal Reserve System in responding to the changing eco- nomic climate of ...
... policy is more challenging in today's high - level economy than in an economy with an abundance of under- utilized ... monetary and fiscal measures . The record of the Federal Reserve System in responding to the changing eco- nomic climate of ...
Page 28
... policy in my judgment . To the extent that the fiscal and monetary policy enters into , as we all know , the coming situation , it is particularly important because fiscal and monetary policy is less likely to work in an area of less ...
... policy in my judgment . To the extent that the fiscal and monetary policy enters into , as we all know , the coming situation , it is particularly important because fiscal and monetary policy is less likely to work in an area of less ...
Page 37
... monetary policy . The boom will end not with a crash but with a materially reduced rate of growth and an economy ... monetary and fiscal policies have been more effective in shrinking demand in the private sectors than is generally be ...
... monetary policy . The boom will end not with a crash but with a materially reduced rate of growth and an economy ... monetary and fiscal policies have been more effective in shrinking demand in the private sectors than is generally be ...
Page 38
... policy shifts such as occurred in monetary policy in 1965 and 1966 . Although the economy is probably not yet beyond the point of no return , historical relations suggest that continued monetary liquidation for a few more months would ...
... policy shifts such as occurred in monetary policy in 1965 and 1966 . Although the economy is probably not yet beyond the point of no return , historical relations suggest that continued monetary liquidation for a few more months would ...
Page 39
... monetary policies . There also seems to be some scattered evidence , however ... policy decisions . Flexi- bility and liquidity must and should dominate most ... monetary policies in guiding the economy , but monetary policy will still ...
... monetary policies . There also seems to be some scattered evidence , however ... policy decisions . Flexi- bility and liquidity must and should dominate most ... monetary policies in guiding the economy , but monetary policy will still ...
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ACKLEY balance of payments benefits billion capital Chairman PROXMIRE changes COHEN Congress Consumer Price Index corporations cost Council of Economic defense deficit demand dollar Economic Advisers Economic Report effect estimates expansion expenditures fact Federal Reserve figure financing fiscal policy full employment going GOLDFINGER Government gross national product growth guideposts impact incomes policy industry inflation inflationary interest rates investment Joint Economic Committee labor MARTIN ment monetary policy money supply national income percent period present President President's pressures price increases problem profits programs proposed quarter question recession reduce Representative BROCK Representative CURTIS Representative GRIFFITHS Representative REUSS Representative RUMSFELD Representative WIDNALL restraint revenues rise SCHULTZE Secretary FOWLER Secretary WIRTZ sector Senator JAVITS Senator MILLER Senator SYMINGTON situation social security spending stability statement tax increase tion TROWBRIDGE unemployment unemployment rate Vietnam wage workers