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dc.contributor.authorFeldstein, Martin
dc.date.accessioned2009-05-20T15:38:22Z
dc.date.issued1997
dc.identifier.citationFeldstein, Martin. 1997. The council of economic advisers: From stabilization to resource allocation. Papers and Proceedings of the Hundred and Fourth Annual Meeting of the American Economic Association. American Economic Review 87(2): 99-102.en
dc.identifier.issn0002-8282en
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:2961702
dc.description.abstractThis paper traces the changing role of the Council of Economic Advisers. In the 50 years since its creation, the CEA's focus has shifted from the design of policies to achieve full employment to one of advising on the much-enlarged spending and tax activities of the federal government. The CEA's original attention to achieving cyclical stability through fiscal policy diminished as economists changed their views about the inherent stability of the economy and the usefulness of fiscal policy. With the shift of macroeconomic policy to the Federal Reserve, the CEA's macroeconomic role has diminished but not disappeared. The rapid growth of government spending during the past five decades has greatly increased the role for the CEA in seeking efficient resource allocation.en
dc.description.sponsorshipEconomicsen
dc.language.isoen_USen
dc.publisherAmerican Economic Associationen
dc.relation.isversionofhttp://www.jstor.org/stable/2950892en
dc.relation.hasversionhttp://dx.doi.org/10.3386/w5908en
dash.licenseLAA
dc.titleThe Council of Economic Advisors: From Stabilization to Resource Allocationen
dc.relation.journalAmerican Economic Reviewen
dash.depositing.authorFeldstein, Martin
dash.contributor.affiliatedFeldstein, Martin


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