Word: eckstein
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Sustainable Course. Slowing down, perhaps, but certainly not fizzling out. Greenspan continued: "The recovery is very strong, solid, and we expect it to continue throughout this year and very likely throughout 1977." Agrees Otto Eckstein, a Harvard professor who is a member of TIME'S Board of Economists: "Things are going well. Of its own accord, the economy has slowed to a sustainable path...
...Otto Eckstein, Warburg Professor of Economics, said of Brimmer yesterday, "It should be no surprise that Brimmer is leaving. There are many places in need of his services. He is a brilliant individual and is really in great demand all over the country...
...critics now think that interest rates are too low. Otto Eckstein, a member of TIME's Board of Economists, fears that if rates do not rise gently this year, they will go up so abruptly in 1977, when loan demand should finally revive, as to jolt the economy. Burns does now seem to be trying to nudge interest rates up a bit; among other things, he intends to dole out money more slowly. His new target is money-supply growth of 4½% to 7% a year, down from the 5% to 7½% he had been aiming...
...jobless rate at the end of 1976 averaged 7.4%. But the rate has already dropped to 7.5% (from a high of 8.9% in May 1975), and board members think that by the end of 1976 it will get down to 7% or possibly even a little less (Eckstein guesses...
...Next year will be even better. Eckstein, the board member with the most detailed forecasts, predicts a 1977 real G.N.P. growth rate of 5.8% and an end-of-1977 unemployment rate...