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Preface and Acknowledgments=xi
Introduction=1
I. Macroeconomics
1. Monetary Policy=19
U.S. Monetary Policy During the 1990s/N. Gregory Mankiw=19
PANELISTS
Alan Blinder=44
William Poole=48
Alice M. Rivlin=52
Summary of Discussion=56
2. Fiscal Policy=61
Fiscal Policy and Social Security Policy During the 1990s/Douglas W. Elmendorf;Jeffrey B. Liebman;David W. Wilcox=61
PANELISTS
Martin Feldstein=120
Rudolph G. Penner=126
Robert Rubin=130
Summary of Discussion=136
3. Tax Policy=139
Tax Policy from 1990 to 2001/Eugene Steuerle=139
PANELISTS
Henry I. Aaron=170
Leonard Burman=176
William A. Niskanen=184
Summary of Discussion=188
4. International Finance and Crises in Emerging Markets=191
Between Meltdown and Moral Hazard: The International Monetary and Financial Policies of the Clinton Administration/J. Bradford DeLong;Barry Eichengreen=191
PANELISTS
Stanley Fischer=255
Lawrence Summers=260
Allan H. Meltzer=265
Summary of Discussion=271
II. Microeconomics
5. Trade Policy=277
International Trade Policy in the 1990s/Robert Z. Lawrence=277
PANELISTS
Charlene Barshefsky=328
Jagdish Bhagwati=333
Lael Brainard=341
Summary of Discussion=355
6. Information Technology=361
The "New Economy" and Information Technology Policy/Pamela Samuelson;Hal R. Varian=361
PANELISTS
Martin N. Baily=413
Esther Dyson=419
Paul Romer=423
Summary of Discussion=431
7. Industrial Organization=435
Antitrust Policy in the Clinton Administration/Robert E. Litan;Carl Shapiro=435
PANELISTS
Robert Pitofsky=486
Richard Schmalensee=493
Robert Willig=500
Summary of Discussion=504
8. Energy Policy=509
Energy Policy During the 1990s/Paul L. Joskow=509
PANELISTS
Charles B. Curtis=563
Philip R. Sharp=569
Daniel Yergin=572
Summary of Discussion=578
9. Environmental Policy=583
National Environmental Policy During the Clinton Years/Robert W. Hahn;Robert N. Stavins=583
PANELISTS
George T. Frampton=645
Paul R. Portney=650
Murray Weidenbaum=654
Summary of Discussion=657
III. Economics and Social Policy
10. Labor and Education=663
Putting Students and Workers First? Education and Labor Policy in the 1990s/Alan B. Krueger and Cecelia E. Rouse=663
PANELISTS
Lawrence Mishel=729
Roger B. Porter=735
Robert B. Reich=741
Summary of Discussion=746
11. Poverty and Welfare=749
The Clinton Legacy for America's Poor/Rebecca M. Blank;David T. Ellwood=749
PANELISTS
Robert Greenstein=801
Ron Haskins=811
Bruce Reed=818
Summary of Discussion=822
12. Health Care and Tobacco Policy=825
Health Policy in the Clinton Era: Once Bitten, Twice Shy/David Cutler;Jonathan Gruber=825
PANELISTS
Victor R. Fuchs=875
Joseph P. Newhouse=880
W. Kip Viscusi=885
Summary of Discussion=892
13. Medicare Policy=899
Medicare/Joseph P. Newhouse=899
PANELISTS
Nancy-Ann DeParle=956
Mark McClellan=964
Robert D. Reischauer=968
Summary of Discussion=976
IV. Process
14. The Role of Institutions in the White House=983
The Process of Economic Policy-Making During the Clinton Administration/Jonathan M. Orszag;Peter R. Orszag;Laura D. Tyson=983
PANELISTS
Gene B. Sperling=1028
Sylvia Mathews=1034
R. Glenn Hubbard=1039
Roger B. Porter=1043
Summary of Discussion=1046
Contributors=1051
Name Index=1065
Subject Index=1077
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출판사 책소개
CHOICE Outstanding Academic Book for 2002
The 1990s saw the best economic performance in the United States in three decades. Strong economic growth and falling unemployment were accompanied by low inflation and rising budget surpluses. Although personal bankruptcies climbed, the personal saving rate fell, and the trade deficit expanded, overall, U.S. economic performance during the 1990s was outstanding.
This book is a unique attempt to write the first history of the making of American economic policy during the 1990s. One way to view it is as a "debriefing" of those who made the decisions. Each chapter is devoted to a particular area of economic policy and consists of a background paper written by leading academic economists together with short essays by prominent policymakers, many of whom served in the Clinton administration or previous administrations, and by independent observers. The questions asked about each policy area include: What were the pros and cons of alternative options under consideration? What decision was made? What were the relevant economic arguments for that decision, and what political interests were served? Were other options missing from consideration? Is it possible to judge whether the decision was the right one? Are there lessons for the future?
The 1990s saw the best economic performance in the United States in three decades. Strong economic growth and falling unemployment were accompanied by low inflation and rising budget surpluses. Although personal bankruptcies climbed, the personal saving rate fell, and the trade deficit expanded, overall, U.S. economic performance during the 1990s was outstanding.
This book is a unique attempt to write the first history of the making of American economic policy during the 1990s. One way to view it is as a "debriefing" of those who made the decisions. Each chapter is devoted to a particular area of economic policy and consists of a background paper written by leading academic economists together with short essays by prominent policymakers, many of whom served in the Clinton administration or previous administrations, and by independent observers. The questions asked about each policy area include: What were the pros and cons of alternative options under consideration? What decision was made? What were the relevant economic arguments for that decision, and what political interests were served? Were other options missing from consideration? Is it possible to judge whether the decision was the right one? Are there lessons for the future?
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