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Searching for a Monetary Strategy for an Expanding Economy

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Publication Date: May 1985

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): David I. Fand

Topic: Economics (Economic policy, planning, and development)

Keywords: Economy

Type: Report


If policy makers really want to achieve a higher rate of real economic growth, changes in the economy will be necessary. Monetary policy can do little more than stimulate a short burst of new activity, not a long-term expansion. Such changes could include reforms in regulation, labor markets, antitrust laws, the education system, taxes, and environmental regulations designed to improve productivity and the allocation of resources.