Estimating the Output Gap

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Chapter 2 in The Kennedy–Johnson Tax Cut, 2000, pp 22-47 from Edward Elgar Publishing

Abstract: The 1964 Kennedy–Johnson tax cut is often cited as the single most successful application of Keynesian stabilization policy. The author challenges this orthodox historical view by exposing the haphazard planning, simplistic economic theorizing, irreconcilable numerical projections, and partisan political influences on the Council of Economic Advisers.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (1)

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