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Detail
ArtikelA Quick Look Backward & Forward, 1950-2000  
Oleh: Schott, Francis H.
Jenis: Article from Bulletin/Magazine
Dalam koleksi: BUSINESS ECONOMICS vol. 26 no. 3 (1991), page 7-14.
Topik: QUICK COUNT; quick look
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: BB20.1
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
    Lihat Detail Induk
Isi artikelThis paper sketches economic events and policies of the past four decades and ventures a forward glimpse at the 1990 s. The federal reserve's role and performance receive special attention. The 1950 s and early 1960 s witnessed success in generating growth with price stability. In the late 1960 s and early 1970 s, vietnam and the first oil shock (1973) creted inflationary forces with which successive administrations and the fed coped half - heartedly, but the second oil shock (1979) and a sharply declining dollar jolted the fed in to a tough and eventually successful anti - inflation stance in 1979 - 82. The 1980 s saw the country's longest peacetime expansion, but the financial system weakened severely through excessive leveraging and imprudent investing. The required restoration and the necessity for increased international policy coordination are key challenges for the 1990 s.
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