Selected Testimonies: Hearings Before the Joint Economic Committee of Congress (HJEC)

W. Robert Brazelton
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W. Robert Brazelton: University of Missouri

Chapter 4 in Designing US Economic Policy, 2001, pp 64-81 from Palgrave Macmillan

Abstract: Abstract Keyserling testified many times before the Joint Economic Committee of Congress on economic matters. Each of his testimonies concentrated on the concept of growth: the concept of balance in the economy between the growth of output (investment) and the subsequent need for a growth of demand (consumption) necessary to absorb the increased output, and the policies which maintained these needed balances. Below, I will divide his testimony into two parts: the 1946–53 period of his membership on the Council of Economic Advisers, and the period after that time, 1953–87. The former period will be briefly covered due to its more complete coverage in chapter 3. Lastly, I will attempt to put the testimony in terms of an analytical perspective of what Keyserling was always attempting to say. This analytical framework will be expanded in chapter 7.

Keywords: Interest Rate; Monetary Policy; Real Wage; Federal Reserve; Money Supply (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1057/9780230508514_4

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