1980年代 美國經濟政策의 理論的 背景과 運用 = Study on the Theoretical Backing and Operation of the U.S. Economic Policies in the 1980s

다국어 초록 (Multilingual Abstract)

The economic challenge facing the Bush Administration is not merely challenging, but formidable. The statistics through the Reagan presidency has shown the near-record longest peace time expansion, the anxieties about recession and inflation, the mounting national debt, the relatively high level of interest rates, and the high cost of the dollar in international markets. The new administration's task is to keep the economy rolling for more years without either precipitating a serious recession or accelerating inflation. For the study on the Theoretical backing and Operation of the U.S. economic policies in 1980s, the following things are viewed as the below.
1.As for the background and enactment of the Reaganomics, the history of economic theories up to the 1970s was discussed first, The Keynesians, who had dominated macroeconomics since the 1930s, placed great emphasis on government's ability to "fine tune" the economy by demand management policies.
However, economic thought underwent significant changes in the 1970s as the prevailing keynesian theories had difficulty accounting for emerging economic events. Monetarism led by Milton Friedman, the New classical (macro) economics with the Natural Rate Hypothesis and Rational Expectations Theory, and the development of public economics theory with public choice theory and fiscal conservative orthodox idea were briefly introduced here so as to understand Reaganomics.
On the early 1980s, another idea against the Orthodox Keynesian demaind management position was developed. The emphasis changed from short-term cash floues to relative prices, from aggregate demand (or spending) to concern about the economy's potential to produce more output. Growing concerns about the productivity growth slowdown brought with them the name "Supply-side economics," on the basis of monetarism, fiscal orthodox, and supply-side ideas, the Reoganomics was proposed and performed through the Reagan presidency.
2.The views of Milton Friedman, who was favorable with the Reagan's economic policy at the begining, and the Keynesians were introduced to evaluate the performance of the Reaganomics, in terms of statistical data, the economic performance under Reagan had been quite empressive. However, quite a few critiques pointed out that many problems, especially the "twin deficits" problem-the federal budget deficit and the trade deficit, and the rapid acceleration of American indebtedness to foreigners-has emerged during and after the Reagan administration.
3.The economic condition, policy and performance under the Bush Administration were discussed. In search of Bush's economic policies, the idea of Michael Boskin who is the chairman of the council of economic advisers was viewed, and the cabinet member's affiliation to the economic school of thought was searched.
4.Far from containing fewer supply-siders than the Reagan Administration, the Bush Administration contains many more of them. Therefore, I would conclude that the Bush team continue to pursue the similar economic policies during his presidency as Reagan did.

목차 (Table of Contents)

• Ⅰ.序論
• Ⅱ.레이거노믹스의 背景과 運用
• 1.70年代 經濟理論의 槪況
• 2.레이거노믹스의 定立과 實施
• 3.레이거노믹스의 評價와 批判
• Ⅲ.부쉬(Bush) 行政府의 經濟政策의 背景
• 1.부쉬 行政府의 出發과 景氣
• 2.부쉬 行政府의 經濟閣僚
• 3.보스킨(Boskin)의 經濟觀
• 4.經濟展望
• Ⅳ.結論