AMERICAN ECONOMIC POLICY IN THE 1990S FRANKLEN J., ORSZAG P. Księgarnia

American economic policy IN THE 1990S

The 1990s saw the best economic performance in the United States in three decades. Strong economic growth and falling unemployment were accompanied by low inflation and rising budget surpluses. Although personal bankruptcies climbed, the personal saving rate fell, and the trade deficit expanded, overall U.S. economic performance during the 1990s was outstanding.

This book is a unique attempt to write the first history of the making of American economic policy during the 1990s. Each chapter is devoted to a particular area of economic policy and consists of a background paper written by leading academic economists and short essays by prominent policymakers, many from the Clinton administration or previous administrations, and by independent observers. The questions asked about each policy area include:

What were the pros and cons of alternative options? What decision was made? What were the economic arguments for that decision, and what political interests were served? Is it possible to judge whether the decision was the right one? Are there lessons for the future?

Jeffrey A. Frankel is James W Harpel Professor of Capital Formation and Economic Growth at the Kennedy School of Government, Harvard University. Peter R. Orszag is a Senior Fellow in Economic Studies at the Brookings Institution.

"A'merican Economic Policy in the 1990s sets the standard for timely yet rigorous analysis of economic policy. The volume's breadth and quality will make it the comprehensive reference on the events of and lessons to be learned from the 1990s. As an economist and as a policy-maker, I highly recommend it." Joseph E. Stiglitz, 2001 Nobel Laureate in Economics, former Chairman of the Council of Economic Advisers, and former Chief Economist of the World Bank

"American Economic Policy in the 1990s provides a comprehensive overview, offers important insights, and debates many lessons good, bad, and ugly, depending on perspective from many of the participants in policy formulation and implementation in the Clinton years. Must reading for students and would-be policymakers alike." Michael J. Boskin,T. M. Friedman Professor of Economics and Hoover Institution Senior Fellow, Stanford University, and former Chairman, President's Council of Economic Advisers (1989-93) ,

"American Economic Policy in the 1990s begins the important historical debate about the policies and personalities that produced a balanced federal budget and the strongest economic growth in American history. For those of us who were part of the Clinton Administration, the views presented here are vital guideposts not just to the past but to the future as well." Leon E. Panetta, Former Director of the Office of Management and Budget and Chief of Staff in the Clinton Administration the United States from 1990 to 2000. The graph was computed for each quarter relative to that quarter the vear before: for examcle. 1995-1 V is comoared to 1994-IV

1114 pages

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