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Author:Garner, C. Alan 

Working Paper
The predictive usefulness of consumer sentiment data

Research Working Paper , Paper 86-09

Journal Article
Tax reform and personal saving

Economic Review , Volume 72 , Issue Feb , Pages 8-19

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 yield curve and inflation expectations

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

Journal Article
Capacity utilization and inflation in the current business expansion

Financial Letters , Issue Jun

Journal Article
Can measures of the consumer debt burden reliably predict an economic slowdown?

Some analysts and business executives are becoming concerned that recent increases in the consumer debt burden may foreshadow an economic slowdown. Higher debt increases the risk that a household may experience financial distress in the event of an adverse economic shock, such as the loss of a job or large uninsured medical expenses. As the risk of financial distress rises, households may become less willing to spend on consumer goods, particularly big ticket items such as automobiles and home computers, which in turn would hurt economic growth.> Different measures of the consumer debt burden ...
Economic Review , Volume 81 , Issue Q IV , Pages 63-76

Journal Article
Does interest rate volatility affect money demand?

Economic Review , Volume 71 , Issue Jan , Pages 25-37

Journal Article
Social Security privatization: balancing efficiency and fairness

This article examines these fundamental issues of economic efficiency and fairness that should be weighed when considering Social Security privatization. The first section summarizes the challenges to the current system and outlines various options for reform. The second section explains how privatization could improve economic efficiency, and briefly considers the difficult issue of the transition costs in moving from the current system to full privatization. The third section discusses important issues of fairness within and across generations. Any decision to privatize Social Security will ...
Economic Review , Volume 82 , Issue Q III , Pages 21-36

Journal Article
Should the decline in the personal saving rate be a cause for concern?

The personal saving rate has received particular attention recently because saving was negative in 2005 for the first time since the Great Depression. Although saving declined in other developed countries during this period, the U.S. decline was more pronounced than in most of these countries. ; A major concern is whether U.S. households are providing adequately for long-term needs, such as future retirement and medical expenses. In addition, low personal saving has created short-run concerns that a sudden increase in the saving rate could reduce growth of consumer spending, real output, and ...
Economic Review , Volume 91 , Issue Q II , Pages 5-28

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

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