4. THE GOVERNMENT DEBTIMPOSED CEILING ON ECONOMIC GROWTH

Chapters in this book

1. Frontmatter I
2. Contents V
3. List of Participants VIII
4. Preface XV
5. THE SETTING FOR A PRO-GROWTH STRATEGY: AN INTRODUCTION XVII
6. PART ONE. VIEWPOINTS ON STRATEGIES FOR GROWTH
7. 1. RESPONSES TO THE SLOWDOWN IN GROWTH 3
8. 2. REMOVING STRUCTURAL BARRIERS TO GROWTH 10
9. 3. THE ECONOMIC POLICY FAILURE OF THE PAST AND A POLICY AGENDA FOR THE FUTURE 15
10. 4. THE GOVERNMENT DEBTIMPOSED CEILING ON ECONOMIC GROWTH 20
11. 5. WHY LABOR UNIONS DO NOT ACCEPT THE NEW ECONOMIC POLICY 28
12. 6. THE NEED FOR A LONGTERM PERSPECTIVE IN GOVERNMENT-BUSINESS RELATIONS 34
13. PART TWO. POLICY AREAS
14. LABOR PRODUCTIVITY AND DEMOGRAPHICS
15. 7. THE TRAINING COMPONENT OF GROWTH POLICIES 41
16. 8. TAX POLICY AND UNEMPLOYMENT INSURANCE EFFECTS ON LABOR POLICY 70
17. DISCUSSANTS 97
18. SUMMARY REPORT 111
19. Motivation and New Technologies
20. 9. THE NEED FOR NEW PRIVATE AND PUBLIC POLICIES 115
21. 10. THE WORK ETHIC AND ECONOMIC VITALITY 144
22. DISCUSSANTS 171
23. SUMMARY REPORT 183
24. Savings and Investment
25. 11. SAVING IN THE U.S. ECONOMY 187
26. 12. INVESTMENT, TAXATION, AND GROWTH 224
27. DISCUSSANTS 251
28. SUMMARY REPORT 261
29. Managing the Government Deficit and Business Cycle
30. 13. MANAGING THE U.S. GOVERNMENT DEFICIT IN THE 1980s 265
31. 14. USING MONETARY CONTROL TO DAMPEN THE BUSINESS CYCLE: A NEW SET OF FIRST PRINCIPLES 302
32. DISCUSSANTS 337
33. SUMMARY REPORT 352
34. Economic and Financial Stability
35. 15. INTERNATIONAL BANKING: VULNERABILITY AND CRISIS 355
36. 16. IN SEARCH OF AN OPTIMISTIC SCENARIO FOR THE 1980s 390
37. DISCUSSANTS 413
38. SUMMARY REPORT 431
39. PART THREE. THE POLITICAL AND INTERNATIONAL SETTING: A SUMMING-UP
40. 17. THE ROLE OF INCREASED INTERNATIONAL TRADE IN LONG-TERM ECONOMIC GROWTH 439
41. 18. FOREIGN POLICY AND ECONOMICS 447
42. 19. DO WE NEED AN INDUSTRIAL POLICY? 457
43. ROUNDTABLE 470