Economic Policy Conference Series

The Supply-Side Effects of Economic Policy

Editors: Meyer, L.H. (Ed.)

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About this book

On October 24 and 25, 1980, the Center for the Study of American Business at Washington University and the Federal Reserve Bank of St. Louis cosponsored their fifth annual conference, "The Supply-Side Effects of Economic Policy." This volume contains the papers and comments delivered at that conference. Proponents of "supply-side economics" have challenged the policy recommendations that emerge from "Keynesian" macroeconometric models. These models focus on the effects of economic policy on the demand for output. Supply-side economics, in contrast, emphasizes the response of output to changes in the supply of inputs. Decisions affecting the capital stock and employment-in particular, saving and investment decisions and labor force participation and hours decisions-are the focus of the supply-siders' attention. The 1980 conference examined most of the major themes associated with supply-side economics. The papers in Part I of this volume develop the theory underlying various supply-side propositions and present empirical evidence in support of some of these propositions. In Part II, the effect of taxes on capital formation and the effect of increased capital formation on output growth and inflation are examined. The effect of tax and transfer programs on labor supply, employment and unemployment are examined in Part III. The final section contains the special luncheon and dinner presentations.

Table of contents (14 chapters)

  • Tax Rates, Factor Employment, and Market Production

    Canto, Victor A. (et al.)

    Pages 3-32

  • An Econometric Model Incorporating The Supply-Side Effects of Economic Policy

    Evans, Michael K.

    Pages 33-80

  • Thoughts on the Laffer Curve

    Blinder, Alan S.

    Pages 81-92

  • Discussion of the Evans Paper

    Braun, Steven

    Pages 93-101

  • Discussion of the Evans Paper

    Ando, Albert

    Pages 103-111

Buy this book

eBook $74.99
price for USA (gross)
  • ISBN 978-94-009-8174-4
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $109.00
price for USA
  • ISBN 978-94-009-8176-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Supply-Side Effects of Economic Policy
Editors
  • L.H. Meyer
Series Title
Economic Policy Conference Series
Series Volume
1
Copyright
1981
Publisher
Springer Netherlands
Copyright Holder
Center for the Study of American Business, Washington University in St. Louis, and the Federal Reserve Bank of St. Louis
eBook ISBN
978-94-009-8174-4
DOI
10.1007/978-94-009-8174-4
Softcover ISBN
978-94-009-8176-8
Series ISSN
0924-5421
Edition Number
1
Number of Pages
280
Topics