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The Decade of the 90s: Economic Prospects and Problems
In the final issue of ECONOMIC OUTLOOK USA, it seems appropriate to leave our readers with some perspectives on economic and social events during the last several decades, and with some speculations about the future. In this article, I take a look at developments over the past four decades, and offer some speculations about developments and policy issues that might arise during the 1990s.
Postwar Macroeconomic Trends
The books have now been closed on the 1980s, and it is possible to take a look at the performance of the economy during this period and to compare it to prior decades. The table ...