Some Reflections on the Annual Report of the Council of Economic Advisers
The Review of Economics and Statistics
1962
to study policies affecting money and credit separately from fiscal policy, because the underlying cause-effect relations are so very different. In terms of a summary characterization of the new budget, what I have tried to convey is this: Let us not say that it is designed to show the impact of economic policies; let us rather say more modestly that it shows the impact of fiscal policies; and let us make clear that a detailed and comprehensive analysis of monetary and credit policies cannot be conducted within the framework of the NIP accounts.
- DOI
- 10.2307/1926406
- Volume
- 44 (3)
- Pages
- 337
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