Searching for a Monetary Strategy for an Expanding Economy
Publication Date: May 1985
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): David I. Fand
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.