The Economic Policy of Ronald Reagan. Between Supply-Side and Keynesianism

Cosimo Magazzino

MPRA Paper from University Library of Munich, Germany

Abstract: “Reaganomics” is a popular term used to refer to the economic policies of Ronald W. Reagan, the 40th U.S. President (1981–1989), which called for widespread tax cuts, decreased social spending, increased military spending, and the deregulation of domestic markets. In this paper, we analyze American economic policy during the Eigh-ties. After a brief introduction, where a general economic context of that country is shown, we discuss and revise the economic literature about these issues. Afterwards, we present an augmented IS-LM model for Reagan years, estimated bay VAR techniques.

Keywords: Reaganomics; Supply-Side Economics; Laffer curve; tax cuts; twin deficits; IS-LM model; VAR. (search for similar items in EconPapers)
JEL-codes: E65 N12 (search for similar items in EconPapers)
Date: 2010-06-30
New Economics Papers: this item is included in nep-hpe and nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:25537

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