Growth, Capacity Output, and the Output Gap
The Review of Economics and Statistics
1963
AST spring and summer we witnessed a vigorous exchange of views between the present Council of Economic Advisors to the President and the former chairman of that body, Professor Arthur F. Burns.' It was a lesson in humility to note that the key issue of this policy-oriented discussion was not some highly sophisticated model but the basic problem of determining the secular growth curve of the United States economy and of estimating the size of the output gap.
- DOI
- 10.2307/1923900
- Volume
- 45 (3)
- Pages
- 294
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