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AN ELDER STATESMANS ADVICE TO A CEA CHAIRMAN
THE BREAKDOWN OF BRETTON WOODS
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accelerate accepted achieve adjustment administration advice American balance banks benign neglect Blough bottlenecks Bretton Woods agreement Bretton Woods system budget capital formation CEA chairman Congress Connally controls cost Council of Economic deficit demand devaluation dollar Duesenberry Economic Advisers economic growth economic policy economists effect Employment Act essay Eurodollar exchange rates expansion expected expenditures Federal Reserve finance fiscal and monetary fiscal policy forecasts full employment growth rate Haberler task force Houthakker important incomes policy industries international economic international monetary affairs investment Keynesian labor force McCracken ment monetary policy money supply nomic OPEC output Paul McCracken Paul Volcker planning political postwar president problem production programs proposed rate of growth rate of inflation recession recovery reduce relatively sector shortages spending stagflation stimulus tax reduction trade U.S. economy unemployed unemployment rate United Volcker group Western Michigan University