Word: fellner
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Dates: during 1970-1979
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...might make to stay within the domestic wage-price guidelines. And continued or accelerating U.S. inflation would eventually bring a much worse recession than any that might be forced by dollar-propping action. As William Fellner, an economist at the American Enterprise Institute, noted, "The risk of getting a recession that would occur earlier was increased [by the dollar-rescue program], but so were the chances that the recession would be milder than expected...
...A.E.I. is no party-line outfit. Wiliam Fellner, a onetime Republican member of the Council of Economic Advisers and now an institute associate, once wrote a report contending that the Nixon Administration's initial fiscal and monetary policies were overly restrictive. This year another A.E.I. report sided with President Carter's decision to stop the Clinch River nuclear breeder-reactor project-in opposition to the views of Distinguished Fellow Ford, who wanted continued development...
...Economic Advisers. The Senate's action follows its approval last month of Paul W. MacAvoy, an economics professor at the Massachusetts Institute of Technology. The appointments bring the three-man council to full strength for the first time since early spring. C.E.A. Members Gary Seevers and William Fellner resigned then; though they had other reasons as well, they were both resentful about not being consulted more often on policymaking by the Council's Chairman, Alan Greenspan...
Seevers, an agricultural economist who joined the council as a staffer in 1970, will become the first chairman of the Commodity Futures Trading Commission, a federal agency that will regulate the commodity exchanges. Fellner, a Yale professor emeritus, joined the Council in October 1973 after going on leave from Washington's conservative American Enterprise Institute. He will now return to the institute to continue his research into inflation and productivity...
...backgrounds. A major hurdle in his quest: there are far fewer first-rate economists interested in public-policy issues among Republicans than among Democrats. Moreover, the new recruits will be asked to join the Council at a time when relations between Greenspan and his staff are somewhat strained. Both Fellner and Seevers resented Greenspan's failure to consult with them more during the policymaking that led to the President's new economic stance...