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) - is an econometric model of the structure of the US economy. LITM integrates two separate models into one integrated …, and the Interindustry Model, an endogenous coefficient input-output model of the structure of the economy incorporating … economy. Applications of LITM have, therefore, focused on energy, the effect of energy changes on the economy, and the effect …
Persistent link: https://www.econbiz.de/10009435835
In recent years, federal spending and deficits have declined significantly as a percent of GNP, the earlier sharp rise in the federal debt-to-GNP ratio has been halted, and the huge primary deficit (budget deficit excluding net interest outlays) has been eliminated. More progress on reducing the...
Persistent link: https://www.econbiz.de/10009482997
The stated purposes of President Clinton's fiscal policy proposal are to provide short-run fiscal stimulus to "guarantee" the durability of the economic recovery, and cut the deficit while increasing outlays and subsidies for public and private investment and income maintenance. Although well...
Persistent link: https://www.econbiz.de/10009482999
The Energy Information Administration (EIA) uses models of the US economy developed by Data Resources, Inc. (DRI) for … Model of the US Economy and the DRI Personal Computer Input-Output Model (PC-IO){sup 2} were developed and are maintained by … forecast accuracy of the DRI Model of the US Economy. …
Persistent link: https://www.econbiz.de/10009435959
major reason why the world economy faces severe problems. …
Persistent link: https://www.econbiz.de/10009482982
There are no good monetary policy options. Since policymakers must choose between alternative policies with undesirable consequences, there is no reason to assume that a single option will be selected and adhered to. Rather, policies will continue to alternate between "spurts" of monetary growth...
Persistent link: https://www.econbiz.de/10009482985
At the last meeting of this committee, we presented forecasts for the M 1 - Adjusted Monetary Base Multiplier in seasonally adjusted form for the first time. The seasonal adjustment was accomplished by utilizing the published seasonal factors for various components of the monety stock as...
Persistent link: https://www.econbiz.de/10009482991
The economy is sound structurally, but weak cyclically. The probability of recession remains relatively low, as … imbalances in the economy. However, the Fed's sustained monetary restrictiveness has generated undesirably anemic economic growth …
Persistent link: https://www.econbiz.de/10009482992
Pessimism about the current economy and its near-term prospects is overstated. The economy has grown at a 2 1/2% rate … stimulate the economy to head off protectionist legislation are based on the mistaken belief that we have learned how to …
Persistent link: https://www.econbiz.de/10009482995
The reflexes of politicians to problems, in particular those created by their past policies, are well conditioned. This pattern holds in particular for international financial problems. Major swings in the dollar in foreign exchange markets seem reliably associated with rising demands for...
Persistent link: https://www.econbiz.de/10009482996