Blinder, Alan S. - Griswold Center for Economic Policy Studies, Department … - 2004
Walter Heller, who was then chairman of the Council of Economic Advisers, was more instrumental to stabilization policy than … Kennedy- Johnson tax cuts was the new, new thing. In those days, discussions of monetary policy often fell into the oh, by the … particularly useful tool for stabilization policy.1 The appropriate role for central bank policy was often said to be …