Guide to the Web for Economics

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CHAPTER 7

Aggregate Demand, Aggregate Supply, and Fiscal Policy

• Aggregate Demand and Aggregate Supply
• The Federal Government Spending and Taxing
• Taxes Issues and Fiscal Policy
• History of Fiscal Policy Debate
• Alphabetical(7)
• Global Index

• From Theory to Practice
  • Type: publication Level: basic Length: long Links: yes Graphics: no Other: search
  • Text from a 1996 speech, From Theory to Practice: Some Reflections, by the president of the Federal Reserve Bank of Philadelphia. Speech addresses what economists have learned over the last 30 years about the impact of fiscal and monetary policy on aggregate demand and supply.
  • http://www.libertynet.org/fedresrv/pubs/boehne3.html
• International Substitution Effect
  • Type: publication Level: intermediate Length: short Links: yes Graphics: no Other: pdf
  • Page includes the abstract and a link to downloading the full text of a recent article from the Journal of Economic Education. Article shows how, with flexible exchange rates, a rise in the domestic price level can reduce net exports and support a downward sloping aggregate demand curve.
  • http://www.indiana.edu/~econed/issues/v29_4/9.htm
• Deriving Aggregate Demand and Aggregate Supply
  • Type: writing Level: intermediate Length: medium Links: yes Graphics: yes
  • Site contains lecture notes with graphics to explain the derivation of aggregate demand and aggregate supply in an economy. Page also links to a full set of notes for principles of economics.
  • http://ingrimayne.saintjoe.edu/econ/ISLM/Aggregate.html
• Aggregate Demand-Aggregate Supply Model
  • Type: writing Level: intermediate Length: long Links: yes Graphics: no
  • A list of links to teaching points on PowerPoint slides for a course in macroeconomics. Covers topics relating to aggregate demand and supply in the short run and long run.
  • http://ucfammed50.hpb.uc.edu/~econ/ch101/index.htm
• Aggregate Demand and Aggregate Supply Notes
  • Type: writing Level: intermediate Length: long Links: no Graphics: yes
  • Page includes a detailed set of teaching notes and graphs relating to aggregate demand and supply.
  • http://www.furman.edu/~stanford/e1.htm
• Essay on Deriving Aggregate Demand and Short-run Aggregate Supply
  • Type: writing Level: intermediate Length: long Links: yes Graphics: yes
  • Site contains a detailed 1997 essay on deriving aggregate demand and aggregate supply. Includes graphs and equations with links to other essays.
  • http://tommy.iinet.net.au/essays/essay14.html

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Alphabetical(7)

Global Index

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The Federal Government Spending and Taxing

• Council of Economic Advisers
  • Type: list Level: basic Length: short Links: yes Graphics: yes Other: pdf/search
  • Home page for the President's Council of Economic Advisers (CEA) containing links to information about how the CEA was created, past Chairs of the CEA, how the CEA advises the President, and publications by the CEA, including the Economic Report of the President.
  • http://www.whitehouse.gov/WH/EOP/CEA/html/CEA.html
• Federal Revenue and Spending
  • Type: writing/table Level: basic Length: long Links: yes Graphics: yes
  • Site includes an explanation of the major sources of federal government revenue and spending. Also includes colorful charts and tables and links to other information about the 1999 budget.
  • http://www.access.gpo.gov/su_docs/budget99/guide/guide02.html#revenues
• How Does the Government Create a Budget?
  • Type: writing/table Level: basic Length: long Links: yes Graphics: yes
  • Site explains the major steps in the federal budget process, budget action in Congress, and how the budget is monitored.
  • http://www.access.gpo.gov/su_docs/budget99/guide/guide03.html

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Alphabetical(7)

Global Index

Go To Contents

Taxes Issues and Fiscal Policy

• Taxes and Growth
  • Type: list Level: basic Length: short Links: yes Graphics: yes
  • Page links to more than a dozen articles relating to optimal tax rates and how taxes affect economic growth.
  • http://www.ncpa.org/pi/taxes/tax21.html
• Taxes, Deficits and Economic Growth
  • Type: publication Level: intermediate Length: long Links: yes Graphics: yes
  • Page contains the first chapter of a book, Why America Need a Tax Cut, published by the Heritage Foundation. Page also links to the rest of the book and other Heritage Foundation resources.
  • http://www.heritage.org/taxcut/chapt1.html
• Budget and Tax Issues
  • Type: list Level: basic Length: medium Links: yes Graphics: yes Other: search
  • Site from the Town Hall public policy organization links to articles, news, and information on the federal budget, taxes, and much more.
  • http://www.townhall.com/issueslibrary/budgetandtax/
• Measuring the Burden of High Taxes
  • Type: report Level: intermediate Length: medium Links: yes Graphics: yes
  • An executive summary of a 1998 report discussing where tax dollars go and the impact of tax rates on economic growth for the U.S. and abroad. Page links to the full policy report by the National Center for Policy Analysis.
  • http://www.ncpa.org/studies/s215.html#ex
• Hidden Burden of Tax
  • Type: publication Level: intermediate Length: long Links: yes Graphics: yes Other: search
  • Full text of a 1998 policy analysis report from the Cato Institute entitled, The Hidden Burden of Taxation: How the Government Reduces Take-home Pay. The paper includes numerous tables and figures comparing the tax burden across states.
  • http://www.cato.org/pubs/pas/pa-302.html
• Supply-Side Tax Cuts
  • Type: publication Level: intermediate Length: long Links: yes Graphics: yes
  • Page contains a 1996 policy analysis report from the Cato Institute entitled, Supply-side Tax Cuts and the Truth About the Reagan Economic Record. The paper uses numerous table and figures to compare changes in key economic variables over the last 20 years.
  • http://www.cato.org/pubs/pas/pa-261.html
• The Education of David Stockman
  • Type: publication Level: basic Length: long Links: yes Graphics: yes Other: search
  • Page contains a lengthy 1981 article from The Atlantic Monthly about David Stockman, Director of the Office of Management and Budget under President Ronald Reagan. Stockman was instrumental in creating a fiscal policy of tax cuts based on supply-side economic theory.
  • http://www.theatlantic.com/unbound/flashbks/classics/stockman.htm
• Optimal Size of Government
  • Type: publication Level: intermediate Length: long Links: yes Graphics: yes
  • Full text of a 1994 paper entitled, What is the Optimal Size of Government in the United States? The paper includes links to graphics and discusses the growth of the tax burden over time, the impact of taxes on the economy, and uses an econometric model to estimate the growth-maximizing tax rate.
  • http://www.ncpa.org/studies/s188/s188.html
• Tax Rates, Tax Revenues and Economic Growth
  • Type: publication Level: intermediate Length: long Links: yes Graphics: yes
  • Site contains a 1991 paper investigating the international relationship between tax rates and tax revenues. The paper contains links to graphics for an econometric analysis of taxes in 103 countries.
  • http://www.ncpa.org/studies/s159/s159.html
• Capital Gains Tax
  • Type: publication Level: basic Length: long Links: yes Graphics: yes
  • Page contains a short 1995 article from the Investors Business Daily. The article points out the impact of changes in the capital gains tax on the S&P 500, the economic growth rate, and tax revenues.
  • http://www.ncpa.org/ea/easo95/easo95m.html

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Alphabetical(7)

Global Index

Go To Contents

History of Fiscal Policy Debate

• The World's Economic Outlook
  • Type: publication Level: intermediate Length: long Links: yes Graphics: yes Other: search
  • Page from The Atlantic Monthly containing a 1932 essay written by John Maynard Keynes, expressing his views on the financial crisis in the U.S. during the Great Depression.
  • http://www.theatlantic.com/unbound/flashbks/budget/keynesf.htm
• Keynesianism and the Employment Act of 1946
  • Type: publication Level: intermediate Length: long Links: no Graphics: yes Other: pdf
  • Page contains full pdf text of a 1995 paper entitled, Keynesianism, Pennsylvania Avenue Style: Some Economic Consequences of the Employment Act of 1946.
  • http://econ161.berkeley.edu/pdf_files/Keynesianism_Pennsylvania.pdf
• Balanced Budget Debate
  • Type: publication Level: basic Length: long Links: yes Graphics: yes Other: search
  • Page from The Atlantic Monthly includes a 1995 article, The Balanced-Budget Debate, giving an overview of the historical debate over running federal budget deficits to balance the economy. Page also links to other articles related to the deficit and debt.
  • http://www.theatlantic.com/unbound/flashbks/budget/budgint.htm
• An Open Letter to President Roosevelt
  • Type: publication Level: intermediate Length: long Links: yes Graphics: no
  • Page contains the text of John Maynard Keynes' 1933 letter to President Roosevelt that outlines Keynes' views on the federal government's role to help the U.S. economy out of the Great Depression of the 1930s.
  • http://newdeal.feri.org/misc/keynes2.htm
• FDR Speeches and Photos
  • Type: list Level: basic Length: short Links: yes Graphics: yes
  • Page links to selected photographs and speeches of President Roosevelt, including his inaugural address on March 4, 1933.
  • http://www.multied.com/history6.html
• Roosevelt Fireside Chat
  • Type: publication Level: basic Length: long Links: yes Graphics: no
  • Page contains the text of President Roosevelt's fireside chat, On the Current Recession, from Thursday, April 14, 1938. The chat discusses renewed setbacks in the U.S. economy and outlines FDRs response.
  • http://newdeal.feri.org/chat/chat12.htm
• Roosevelt's 1937 Inaugural Address
  • Type: publication Level: basic Length: long Links: yes Graphics: no
  • Page contains the text of President Franklin D. Roosevelt's inaugural address from January 20, 1937.
  • http://newdeal.feri.org/speeches/1937a.htm
• Forgotten Man Speech
  • Type: publication Level: basic Length: long Links: yes Graphics: no
  • Page contains the text of President Roosevelt's speech, The Forgotten Man, on April 7, 1932.
  • http://newdeal.feri.org/speeches/1932c.htm
• Japan's Disastrous Keynesian Experiment
  • Type: publication Level: basic Length: long Links: yes Graphics: yes Other: search
  • Page contains a 1996 article on the site of the American Enterprise Institute for Public Policy Research. Also links to other resources of the Institute.
  • http://www.aei.org/eo/eo7149.htm