Word: ecksteins
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Nothing that Reagan's July I package amounts to a $40-billion fiscal stimulus--toughly 13 percent of the gross national product--Otto Eckstein, Warburg Professor of Economics, said. "If this doesn't work, we're in deep trouble...
Jeffrey Wolcowitz assistant professor of Economics, will yield his duties as head section leader for the course. While Otto Eckstein, Warburg Professor of Economics, is the head lecturer for Soc Anal 10, Wlocowitz hires and trains teachers and is responsible for the curriculum...
...incredible success around here," Eckstein said this week. Recommendations from Stanford, where Goulder received his doctorate and taught as visiting professor of economics for two years, cited him as "the best teacher at Stanford," Eckstein added...
...main threat to growth will be the daunting cost of borrowing money. Said Eckstein: "Interest rates are a big cloud over the economy. We won't have a normal recovery." Though the slump has dampened business demand for credit, the prime rate that banks levy on corporate customers still hovers around 16½%, more than double the interest charge that prevailed in 1977. The high rates are partly the work of the Federal Reserve, which is trying to restrain inflation by reining in the growth of the money supply. Fed Chairman Paul Volcker told Congress last week that...
...important, the slump has prodded many unions, from the Teamsters to the United Auto Workers, to scale back their wage demands. Said Greenspan: "We're looking at a very significant slowing in the inflation rate. There has been a fundamental change in the wage structure of American industry." Eckstein points to a drop in the so-called core inflation rate. This measures the rise in costs of production due to wages and spending for capital equipment. Unlike the consumer price index, it excludes temporary fluctuations in food, energy and housing costs. He forecasts that the core inflation rate will...