{"title":"Defense Spending and the Uncertain Future","authors":"H. Rowen","doi":"10.4324/9781351318761-11","DOIUrl":"https://doi.org/10.4324/9781351318761-11","url":null,"abstract":"","PeriodicalId":334544,"journal":{"name":"The Economy in the 1980s: A Program for Growth and Stability","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122389425","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Inflation: A Perspective from the 1970s","authors":"J. Scadding","doi":"10.4324/9781351318761-3","DOIUrl":"https://doi.org/10.4324/9781351318761-3","url":null,"abstract":"","PeriodicalId":334544,"journal":{"name":"The Economy in the 1980s: A Program for Growth and Stability","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121782277","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Social Security and Welfare: What We Have, Want, and Can Afford 1","authors":"L. Kotlikoff","doi":"10.4324/9781351318761-10","DOIUrl":"https://doi.org/10.4324/9781351318761-10","url":null,"abstract":"","PeriodicalId":334544,"journal":{"name":"The Economy in the 1980s: A Program for Growth and Stability","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127772370","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Federal Government Taxes and Tax Reform","authors":"J. Shoven","doi":"10.4324/9781351318761-7","DOIUrl":"https://doi.org/10.4324/9781351318761-7","url":null,"abstract":"","PeriodicalId":334544,"journal":{"name":"The Economy in the 1980s: A Program for Growth and Stability","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124711939","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Federal Government Spending and Budget Policy","authors":"M. Boskin","doi":"10.4324/9781351318761-9","DOIUrl":"https://doi.org/10.4324/9781351318761-9","url":null,"abstract":"","PeriodicalId":334544,"journal":{"name":"The Economy in the 1980s: A Program for Growth and Stability","volume":"203 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120944290","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The United States and the World Economy","authors":"John T. Cuddington, Ronald I. McKinnon","doi":"10.4324/9781351318761-6","DOIUrl":"https://doi.org/10.4324/9781351318761-6","url":null,"abstract":"EN momentos en que se intensifica la propaganda contra la globalización, es reconfortante leer un libro firmemente comprometido con el multilateralismo y el libre comercio. A diferencia de los opositores al proteccionismo, los autores se basan en un análisis serio y en convincentes datos empíricos. Concentran sus observaciones en el interés nacional de Estados Unidos, pero dedican además justificada atención a las necesidades e inquietudes de otros países. El libro cumple cabalmente con la promesa, implícita en su título, de esbozar un programa para la política económica externa de Estados Unidos en la próxima década. Fred Bergsten identifica tres importantes desafíos en el corto plazo: el importante déficit de la cuenta corriente, el problema energético y la liberalización del comercio. El desequilibrio de la cuenta corriente plantea la posibilidad de un ajuste brusco, que supondría un alza de la inflación y de las tasas de interés en Estados Unidos y una abrupta caída del dólar. En la primera mitad de los años noventa se lanzó una advertencia similar, pero los peligros no se materializaron. La apreciación del dólar se revirtió ya más avanzada la década, Estados Unidos mejoró su posición externa y la temida “depreciación desordenada del dólar” nunca se produjo. En cierta medida, estos hechos reflejaron la reducción del déficit presupuestario de Estados Unidos. Como Bergsten y Michael Mussa acertadamente observan, el déficit fiscal absorbe ahorro interno, eleva las tasas de interés y atrae ahorro extranjero. Así sucedió en la década de 1980 y el planteo resulta hoy todavía más cierto. No obstante, el argumento de que el capital fluye hacia Estados Unidos por ser este un refugio atractivo para los inversionistas extranjeros es igualmente atendible. Las soluciones recomendadas por Mussa son ineludibles. Estados Unidos debe reducir su déficit presupuestario y sus principales socios deben incrementar la demanda interna en relación con el producto. Además, China y otros países asiáticos deben dejar de intervenir para mantener sobrevaluado el tipo de cambio y deben contribuir al proceso de ajuste internacional. Menos convincente es el llamado de Bergsten a tomar “medidas cambiarias”, como una intervención coordinada e incluso la fijación de “zonas meta”. Los intentos anteriores de fijar el tipo de cambio han resultado costosos y no parece lógico propugnar un tipo de cambio nominal rígido para los países avanzados, que hoy aplican un régimen de flotación, al tiempo que se lo condena en el caso de China y otros países de mercados emergentes. El segundo tema es la amenaza de un alza de los precios de los combustibles. Philip Verleger advierte que las actuales presiones sobre el mercado energético mundial indican una “tormenta en cierne” y exigen medidas urgentes. Las causas son una mayor demanda mundial al surgir China e India como grandes importadores, la inestabilidad política de varios países productores, existencias insuficientes, limitaciones de la c","PeriodicalId":334544,"journal":{"name":"The Economy in the 1980s: A Program for Growth and Stability","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128770767","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Economic Growth and Productivity","authors":"M. Boskin","doi":"10.4324/9781351318761-2","DOIUrl":"https://doi.org/10.4324/9781351318761-2","url":null,"abstract":"","PeriodicalId":334544,"journal":{"name":"The Economy in the 1980s: A Program for Growth and Stability","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133177400","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"State and Local Finance in the 1980s","authors":"G. Break","doi":"10.4324/9781351318761-8","DOIUrl":"https://doi.org/10.4324/9781351318761-8","url":null,"abstract":"","PeriodicalId":334544,"journal":{"name":"The Economy in the 1980s: A Program for Growth and Stability","volume":"207 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116749555","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"U.S. Economy at the Crossroads","authors":"M. Boskin","doi":"10.4324/9781351318761-1","DOIUrl":"https://doi.org/10.4324/9781351318761-1","url":null,"abstract":"","PeriodicalId":334544,"journal":{"name":"The Economy in the 1980s: A Program for Growth and Stability","volume":"200 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121249498","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Nature of the Contemporary Unemployment Problem","authors":"John H. Pencavel","doi":"10.4324/9781351318761-4","DOIUrl":"https://doi.org/10.4324/9781351318761-4","url":null,"abstract":"","PeriodicalId":334544,"journal":{"name":"The Economy in the 1980s: A Program for Growth and Stability","volume":"204 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127559566","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}