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Before the Accord : U.S. Monetary-Financial Policy 1945-51

Eichengreen, Barry - 1990

Thia paper analyzes U.S. monetary-financial policy in the period leading up to the Treasury-Fed Accord. We model policy as an implicit target zone for the price level and an explicit zone for interest rates, and the difficulties on the eve of the Accord as an incipient run on a collapsing...

Persistent link: https://www.econbiz.de/10012475653

From Benign Neglect to Malignant Preoccupation : U.S. Balance-of-Payments Policy in the 1960s

Eichengreen, Barry - 2000

expanding world economy was dollar balances. The role of the United States was to act as banker to the world, borrowing short …

Persistent link: https://www.econbiz.de/10012471141

International Economic Policy : Was There a Bush Doctrine?

Eichengreen, Barry - 2008

While many political scientists and diplomatic historians see the Bush presidency as a distinctive epoch in American foreign policy, we argue that there was no Bush Doctrine in foreign economic policy. The Bush administration sought to advance a free trade agenda but could not avoid the use of...

Persistent link: https://www.econbiz.de/10012464815

Fiscal Policy and Monetary Union : Is There a Tradeoff between Federalism and Budgetary Restrictions?

Eichengreen, Barry - 1996

The Maastricht Treaty on Europe Union features an Excessive Deficit Procedure limiting the freedom to borrow of governments participating in the European monetary union. One justification is to prevent states from over- borrowing and demanding a bailout which could divert the European Central...

Persistent link: https://www.econbiz.de/10012473342

The Breakup of the Euro Area

Eichengreen, Barry - 2007

The possibility that the euro area might break up was being raised even before the single currency existed. These scenarios were then lent new life five or six years on, when appreciation of the euro and problems of slow growth in various member states led politicians to blame the European...

Persistent link: https://www.econbiz.de/10012465257

The Upcoming Slowdown in U.S. Economic Growth

Jones, Charles I. - 1997

research intensity, and the increased openness and development of the world economy. Such changes suggest, contrary to the … conventional view, that the U.S. economy is far from its steady state balanced growth path. The theoretical framework analyzed here … provides a coherent interpretation of this evidence and indicates that when these increases cease and the U.S. economy reaches …

Persistent link: https://www.econbiz.de/10012472529

The Future of U.S. Economic Growth

Fernald, John G. - 2014

Modern growth theory suggests that more than 3/4 of growth since 1950 reflects rising educational attainment and research intensity. As these transition dynamics fade, U.S. economic growth is likely to slow at some point. However, the rise of China, India, and other emerging economies may allow...

Persistent link: https://www.econbiz.de/10012458832

The Allocation of Talent and U.S. Economic Growth

Hsieh, Chang-Tai - 2013

Over the last 50 years, there has been a remarkable convergence in the occupational distribution between white men, women, and blacks. We measure the macroeconomic consequences of this convergence through the prism of a Roy model of occupational choice in which women and blacks face frictions in...

Persistent link: https://www.econbiz.de/10012459972

The Outlook for Long-Term Economic Growth

Jones, Charles I. - National Bureau of Economic Research - 2023

What are the prospects for economic growth in the United States and other advanced countries over the next several decades? U.S. growth for the past 150 years has been surprisingly stable at 2% per year. Growth theory reveals that in the long run, growth in living standards is determined by...

Persistent link: https://www.econbiz.de/10014337880