Report of the Task Force on Inflation: Together with Supplemental, Additional, and Minority Views
U.S. Government Printing Office, 1980 - Inflation (Finance) - 96 pages
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according actions additional administration annual Association authority average balanced believe benefits billion Board budget burden capacity capital cause Chairman changes coal Committee companies Congress consumers continue controls corporate costs countries create decline deficit demand domestic dropped economy effect efforts encourage energy estimated example expected expenditures factors farm Federal Government Federal Reserve Federal Reserve Board fiscal fiscal policy further growth hearings higher housing impact important improve incentives income increase indexation industry inflation inflationary institutions interest investment labor less lower major measures ment monetary policy occur overall percent period policies President pressures price controls price increases problem productivity programs proposals recommendations reduce regulations require response result rise savings sector spending suggested Task Force tax cuts testified tion unemployment United wage and price witnesses World
Page 13 - Our partnership on national issues will be even more important in the future than it has been in the past. For...
Page 26 - ... country. Prior to the second World War there was virtually no export market for American books except to Canada and to the then Territory of the Philippines. Since the end of World War II, however, there has been a dramatic expansion of our book exports, which are now at least 20 times as great in dollar volume as they were 25 years ago.
Page 56 - Returns, various years. Figures are lower bound estimates made on the assumption that each firm in a size class of a minor industry is of equal size, each concentration ratio is constructed so as to maximize the ratio consistent with this assumption. Data for 1978 supplied by the financial statistics program of the FTC. TABLE 4.— NUMBER OF FOOD AND KINDRED PRODUCTS MANUFACTURERS, CENSUS YEARS 1947-72 NA— Not available.
Page 27 - This slump, however, had only a minor impact on the inflation rate. In the third quarter 1969, just before the onset of the recession, the CPI had increased by 5.3 percent.
Page 26 - During the war a system of Government controls effectively channeled incomes into savings rather than consumption. Personal savings as a percent of disposable income climbed from 4.4 percent in 1940 to over 25 percent in 1944. When the war ended, rationing and price controls were removed and the accumulated savings were spent.
Page 90 - Laureate (Economics) and Paul Snowden Russell Distinguished Service Professor of Economics, University of
Page 79 - Since the subject before us is inflation, rather than energy policy, we will not at this point enter into a discussion of the shortcomings of the •Chairman's proposals.
Page 28 - Thus, every year since 1968 has had a higher inflation rate than any year between 1952 and 1967. Rapid inflation became a chronic disease for the first time in our history.