THE ROLE OF FEDERAL FISCAL POLICY IN THE 1957–60 BUSINESS CYCLE

Authors


  • This paper is a revised and shortened version of one written while the author was attached to the Government Finance Section, Board of Governors of the Federal Reserve System, during the summer of 1960, and is an outgrowth of a more extensive research project made possible by a Ford Foundation Faculty Research Fellowship. The writer is grateful for the opportunity for numerous discussions with specialists at the board on various aspects of the problem, but special mention should be made of the welcome help received from Peter Keir and Charles Yager, of the Government Finance Section. The views expressed are the author's alone and do not necessarily represent those of the Ford Foundation or of the Board of Governors of the Federal Reserve System or its research staff.

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