Remarks at the Washington and Lee University H. Parker Willis Lecture in Political Economics, Lexington, Virginia.

As of May 1988, over 8 million workers had received their pension benefits as lump-sum distributions (LSDs) when they changed jobs. In 1986 Congress imposed a 10% tax penalty on the amount of LSDs not rolled over into tax-deferred instruments. This paper examines the effects of this tax penalty...

The paper examines the evolution of U.S. external balances since 1980 and considers various explanations for the persistence of external deficits in the late 1980s and the 1990s. It also offers a general assessment of the medium-term prospects for U.S. current account deficits. The review of...

Remarks at the Quarterly Regional Economic Press Briefing, New York City.

Remarks at Dominican College, Orangeburg, New York.

Remarks at the New Jersey Bankers Association Economic Forum, Iselin, New Jersey.

Remarks at the National Association for Business Economics Annual Meeting, New York City.

Remarks at New York University's Stern School of Business, New York City.

Remarks at the Barclays 16th Annual Global Inflation-Linked Conference, New York City.

Remarks at the at the Society of American Business Editors and Writers Fall Conference, City University of New York, Graduate School of Journalism, New York City.