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Journal Article
Forecasts 1975
An abstract for this article is not available.
Journal Article
Public investment and economic growth
Working Paper
On recognizing inflation
Forecasters experienced considerable difficulty in recognizing rising inflation and predicting its intensity in 1972-82. Possible explanations discussed are: 1) unpredictable supply shocks, 2) excessive attention to nonmonetary developments, and 3) actual money growth overshooting its targeted growth rate. ; A version of this work was published in the Federal Reserve Bank of Richmond's Economic Review, 1988, V. 74, No. 4
Journal Article
Forecasts 1974
Working Paper
Measures of saving as indicators of economic growth
This paper contends that National Income Accounts (NIA) saving rates have been sending out misleading signals about the U.S. economy in the 1980s. The individuals' saving rate from the flow-of-funds accounts (FFA) is shown to be a much better indicator of resources available for future economic growth.
Journal Article
Equalizing regional differences in wages : a study of wages and migration in the South and other regions
Is the South rebelling againthis time against one of the tenets of economic theory? Neoclassical economic theory predicts that wage differentials between regions will disappear with time as workers move from low-wage areas to high-wage areas. However, in the seventies people tended to migrate southward, even though the South is usually thought to be a low-wage region. In his essay. Equalizing Regional Differences in Wages: A Study of Wages and Migration in the South and Other Regions, William E. Cullison offers a simple resolution to this paradox. By adjusting for the cost of living and by ...
Journal Article
Forecasts 1979 : slow growth, continued inflation, but no recession
An abstract for this article is not available
Journal Article
Forecasts 1981: hope springs eternal
An abstract for this article is not available.
Journal Article
The U.S. productivity slowdown: what the experts say
Measured U.S. productivity growth has slowed significantly since 1973; moreover, measured U.S. productivity continues to grow at a slower rate than that of our major trading partners. A number of potential explanations of the slowdown are currently being debated in the economics literature. These explanations are discussed in the article.
Journal Article
Forecasts 1977 : a persistent but gradual expansion
An abstract for this article is not available