The implementation of the Reagan Administration's policy was disjointed, because then-Fed Chairman Paul Volcker saw the supply-side policy
as a massive fiscal stimulation that would send already high inflation rates soaring.
These include measurement issues, implications of the financial crisis, changes in supply-side policy
, unreliability of productivity-growth projections, the absence of great inventions, and lack of business dynamism.
If, as Crafts argues, there has been no major structural break in either supply-side policy
or growth potential, what explains the unprecedented weakness in productivity since the onset of the crisis?
The authors provide a detailed comparison but also reveal a strong similarity in regard to the assumed centrality of the state and supply-side policy
Active supply-side policy
, for instance in the labour market, was used.
7 billion, with 65% of that sum allocated to fund supply-side policy
initiatives and 35% allocated toward demand reduction and treatment initiatives.
is normally presented as another method of conducting discretionary fiscal policy, not an additional category of government intervention.
The current mismatch between skill supply and decent job opportunities reveals the limitations of supply-side policy
responses focused on retraining people in isolation from demand-side measures.
The most recent work in this area links housing and employment decisions and includes housing supply, which makes it possible to extend the model to consider supply-side policy
to affect open space, habitat protection, and land use within a consistent general equilibrium framework.
He noted that this will require both demand and supply-side policy
measures, including support for the development of small-and-medium-sized enterprises.
The government was not obliged to put in place a massive recovery plan or to rescue banks by injecting billions of zlotys, implementing a supply-side policy
Basically, they treat the period from 1981 to 2004 as one continuous, 25-year experiment in supply-side policy
including Bill Clinton's push for free trade, welfare reform, and spending control (from 1995 to 2000, spending growth was lower than under any president since Calvin Coolidge).