The Council of Economic Advisors: From Stabilization to Resource Allocation
追溯了美国经济顾问委员会成立50年来的角色转变,从最初设计实现充分就业的政策,转向为联邦政府日益扩大的支出和税收活动提供建议,并探讨了财政政策作用减弱、货币政策主导宏观稳定后,该委员会在促进资源配置效率方面的新角色。
This paper traces the changing role of the Council of Economic Advisers. In the 50 years since its creation, the CEA's focus has shifted from the design of policies to achieve full employment to one of advising on the much-enlarged spending and tax activities of the federal government. The CEA's original attention to achieving cyclical stability through fiscal policy diminished as economists changed their views about the inherent stability of the economy and the usefulness of fiscal policy. With the shift of macroeconomic policy to the Federal Reserve, the CEA's macroeconomic role has diminished but not disappeared. The rapid growth of government spending during the past five decades has greatly increased the role for the CEA in seeking efficient resource allocation.