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Author:Garner, C. Alan 

Journal Article
Can IRAs cure the low national savings rate?

Economic Review , Volume 78 , Issue Q II , Pages 5-19

Journal Article
How useful are leading indicators of inflation?

Many economists expect inflation to rise in 1995. These expectations are based on various approaches to forecasting inflation. One approach is based on the standard economic theory that inflation rises when slack is eliminated from the economy and production exceeds capacity constraints. According to this view, measures of economic slack such as unemployment and capacity utilization provide useful information about the inflation outlook. But the relationship between slack and inflation is complicated and subject to variable lags.> Uncomfortable with this complex relationship, some analysts ...
Economic Review , Volume 80 , Issue Q II , Pages 5-18

Journal Article
How fast can the U.S. economy grow?

Economic Review , Volume 74 , Issue Dec , Pages 24-39

Journal Article
Commodity prices and monetary policy reform

Economic Review , Volume 70 , Issue Feb , Pages 7-21

Journal Article
Capacity utilization and U.S. inflation

Policymakers and economic analysts have recently been concerned about potential inflationary pressures in the U.S. economy. Various economic statistics show the amount of unused productive resources has been diminishing. For example, the civilian unemployment rate has decreased and the capacity utilization rate of the nation's factories has risen. If real output grows rapidly in the future, the competition for scarce productive resources could put upward pressure on wages and other production costs and ultimately could raise consumer price inflation.> Some analysts have challenged the view ...
Economic Review , Volume 79 , Issue Q IV , Pages 5-21

Journal Article
The yield curve and inflation expectations

Economic Review , Volume 72 , Issue Sep , Pages 3-15

Journal Article
Policy options to improve the U.S. standard of living

The U.S. standard of living has been slipping relative to living standards in other industrial nations. While there is no easy road to national wealth, reducing the federal budget deficit appears to be the most dependable policy to enhance the future U.S. living standard.
Economic Review , Volume 73 , Issue Nov , Pages 3-17

Journal Article
Has the stock market crash reduced consumer spending?

Some forecasters expected that the October 1987 stock market collapse would seriously lower GNP growth by curtailing consumer spending. After declining in October, however, consumer spending has grown moderately. This relatively small effect is consistent with empirical studies showing that the stock market has only a modest impact on consumer spending.
Economic Review , Volume 73 , Issue Apr , Pages 3-16

Journal Article
Consumption taxes : macroeconomic effects and policy issues

Proposals for fundamental reform of the federal tax code are receiving increased attention in the business press and among economic analysts and policymakers. President Bush has identified tax reform as a top priority, calling for a tax system that is ?pro-growth, easy to understand, and fair to all.? Moreover, the President has appointed a commission to consider different approaches to tax reform. One approach might be to improve the current income-based federal tax code, perhaps by broadening the tax base and lowering income-tax rates. However, another approach might be to replace current ...
Economic Review , Volume 90 , Issue Q II , Pages 5-29

Journal Article
The Social Security surplus - a solution to the federal budget deficit?

Economic Review , Volume 74 , Issue May , Pages 25-39

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