The chapter notes that Kenneth Rogoff proclaimed Richard Nixon the all-time hero of political business cycles. Using
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Government budget balance (billions of dollars) Government receipts (billions of dollars) Government spending (billions of dollars) 3-month M1 growth M2 growth Treasury bill rate Year $186.9 1969 $3.2 -2.8 $183.6 3.3% 3.7% 6.68% 1970 5.1 192.8 6.6 6.46 195.6 187.1 6.5 210.2 13.4 4.35 -23.0 1971 230.7 1972 4.07 207.3 -23.4 9.2 13.0 1973 230.8 -14.9 5.5 6.6 245.7 7.04
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Related Book For
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
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