The Fabulous Decade: Macroeconomic Lessons from the 1990s

The Fabulous Decade: Macroeconomic Lessons from the 1990s

Alan S. Blinder Janet L. Yellen / Aug 19, 2019

The Fabulous Decade Macroeconomic Lessons from the s The performance of the U S economy in the s far outstripped expectations Growth was surprisingly strong unemployment fell to the lowest level in a generation and yet inflation remained dormant W

  • Title: The Fabulous Decade: Macroeconomic Lessons from the 1990s
  • Author: Alan S. Blinder Janet L. Yellen
  • ISBN: 9780870784675
  • Page: 273
  • Format: Paperback
  • The performance of the U.S economy in the 1990s far outstripped expectations Growth was surprisingly strong, unemployment fell to the lowest level in a generation, and yet inflation remained dormant Why And what lessons can we learn from this wonderful episode Alan S Blinder and Janet L Yellen, who participated in these events both at the Federal Reserve Board and iThe performance of the U.S economy in the 1990s far outstripped expectations Growth was surprisingly strong, unemployment fell to the lowest level in a generation, and yet inflation remained dormant Why And what lessons can we learn from this wonderful episode Alan S Blinder and Janet L Yellen, who participated in these events both at the Federal Reserve Board and in the Clinton administration, have written the first comprehensive analytical history of this important period They attribute the strong performance during the 1990s to a combination of favorable preconditions, excellent monetary and fiscal policy, and a harvest of good luck especially the sharp acceleration of productivity after 1995 Drawing on their firsthand experience, marshaling a wide variety of data, and using two large scale models of the U.S economy, they analyze the roles of deficit reduction, Federal Reserve policy, and a series of favorable supply shocks in bringing about the happy combination of strong growth and low inflation Contrary to previous conventional wisdom, they conclude that the Fed demonstrated that fine tuning the economy is at least possible if you have both skill and luck But to do this job properly, the central bank must place high value on growth The authors also argue that a policy mix of smaller federal budget deficits or larger surpluses and lower interest rates produces superior long term macroeconomic results.

    The Fabulous Decade Macroeconomic Lessons from the s Alan S Blinder is the Gordon S Rentschler Memorial Professor of Economics and codirector of the Center for Economic Policy Studies at Princeton University He is also a partner in Promontory Financial Group and vice chairman of the G Group He served as vice chairman of the Board of Governors of the Federal Reserve System from June until January and as a member of President The Fabulous Decade brookings The performance of the U.S economy in the s far outstripped expectations Growth was surprisingly strong, unemployment fell to the lowest level in a generation, and yet inflation remained The Fabulous Decade The Fabulous Decade Macroeconomic Lessons from the s They attribute the strong performance during the s to a combination of favorable preconditions, excellent monetary and fiscal policy, and a harvest of good luck especially the sharp acceleration of productivity after Drawing on their firsthand experience, The Fabulous Decade The Century Foundation The Fabulous Decade June , Alan S Blinder and Janet L Yellen The performance of the U.S economy in the s far outstripped expectations Growth was surprisingly strong, unemployment fell to the lowest level in a generation, and yet inflation remained dormant Why And what lessons can we learn from this wonderful episode Fabulous Decade Series Hallmark Ornaments The Ornament Shop The Fabulous Decade series features an animal with the year made out of brass The Fabulous Decade series started in and continued through This series is followed by the Cool Decade series and was followed by the Frosty Fun Decade series. The Fabulous Decade Macroeconomic Lessons from the s The Fabulous Decade Macroeconomic Lessons from the The Fabulous Decade Macroeconomic Lessons from the s The performance of the US economy in the s outstripped expectations Growth was strong, unemployment fell to the lowest level in a generation, and yet inflation remained dormant. The Fabulous Decades Home Facebook The Fabulous Decades likes thefabulousdecades gmail Fabulous Decade Series Hallmark Ornaments Fabulous Decade Handcrafted and brass Hallmark ornament sculpted by Sharon Pike This is the th and final ornament in the Fabulous Decade series. The fabulous decade macroeconomic lessons from the s Add tags for The fabulous decade macroeconomic lessons from the s Be the first. The Fabulous Decade Macroeconomic Lessons from the s The Fabulous Decade Macroeconomic Lessons from the s Alan S Blinder Janet L Yellen Mar , The Fabulous Decade Macroeconomic Lessons from the s The performance of the U S economy in the s far outstripped expectations Growth was surprisingly strong unemployment fell to the lowest level in a generation and yet inflation remained dormant W

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    About "Alan S. Blinder Janet L. Yellen"

      • Alan S. Blinder Janet L. Yellen

        Alan Stuart Blinder is an American economist at Princeton University serving as the Gordon S Rentschler Memorial Professor of Economics and Public Affairs in the Economics Department, and vice chairman of The Observatory Group He founded Princeton s Griswold Center for Economic Policy Studies in 1990 Since 1978 he has been a Research Associate of the National Bureau of Economic Research He is also a co founder and a vice chairman of the Promontory Interfinancial Network, LLC He is among the most influential economists in the world according to IDEAS RePEc, and is considered one of the great economic minds of his generation Blinder served on President Bill Clinton s Council of Economic Advisors January 1993 June 1994 , and as the Vice Chairman of the Board of Governors of the Federal Reserve System from June 1994 to January 1996.


    368 Comments

    1. a very good sum-up of the 1990s U.S. economy. in-depth but readable. Yellen is one of the best U.S. economists. Even more exciting that she also teaches at Berkeley and her husband is George Akerlof, the Nobel Prize Laureate who also teaches at Cal.


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