- The U.S. Economy for the Year 2001: Can the Transition
to More Sustainable Growth Be Managed Without a
Recession?
Clearly, the new year will be full of uncertainty. Declines in consumer confidence and expectations, rising inventories in nearly all market segments, and massive layoff announcements in the technology and manufacturing sectors are a few of the factors that are leading economists to forecast dramatically slower economic growth in the ......
- The U.S. economy for the year 2001: Can the transition to more sustainable growth be managed without a recession?
Clearly, the new year will be full of uncertainty. Declines in consumer confidence and expectations, rising inventories in nearly all market segments, and massive layoff announcements in the technology and manufacturing sectors are a few of the factors that are leading economists to forecast dramatically slower economic growth in the ......
- The international economy.
Economic growth in the world is likely to come in at 3.2 percent for 2003, measured in terms of real Gross Domestic Product (GDP), compared to growth rates of 2.4 percent in 2001 and 3.0 percent in 2002. The International Monetary Fund in Washington (IMF, World Economic Outlook, Fall 2003) ......
- Implications of productivity uncertainty for monetary policy
HEADNOTE UNCERTAIN FUTURE PRODUCTIVITY GROWTH COMPLICATES MONETARY POLICY IN A LOW-INFLATION, LOW-UNEMPLOYMENT ECONOMY. HEADNOTE Faster productivity growth rates are consistent with the remarkable combination of fast GDP growth, low unemployment, and low inflation the U.S. economy has enjoyed recently. Yet there are uncertainties about this productivity growth, not only because ......
- Implications of Productivity Uncertainty For Monetary
Policy.
UNCERTAIN FUTURE PRODUCTIVITY GROWTH COMPLICATES MONETARY POLICY IN A LOW-INFLATION, LOW-UNEMPLOYMENT ECONOMY. Faster productivity growth rates are consistent with the remarkable combination of fast GDP growth, low unemployment, and low inflation the U.S. economy has enjoyed recently. Yet there are uncertainties about this productivity growth, not only because of measurement ......
- Presidential Economics: The Making of Economic Policy
from Roosevelt to Clinton, 3d ed.
Politics, said Bismarck, "is the art of the possible, the science of the relative." Clearly, economists have much to learn about how policymakers value their advice. As the recent debates over health care and the minimum wage showed, making economic policy is often intertwined with political intrigue that respects very ......
- Monetary Policy Report to the Congress
Report submitted to the Congress on February 11, 2004, pursuant to section 2B of the Federal Reserve Act MONETARY POLICY AND THE ECONOMIC OUTLOOK The economic expansion in the United States gathered strength during 2003 while price inflation remained quite low. At the beginning of the year, uncertainties about the ......