Word: okun
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...President-elect yet has any specific plans for guidelines, he is keeping them to himself. Nonetheless, his advisers are already debating where the limits might be set. Arthur Okun, a member of TIME'S Board of Economists who was involved with a previous set of guidelines when he was a member of Lyndon Johnson's Council of Economic Advisers, suggests that the White House might urge keeping wage boosts to 6% a year and price hikes to 4% (wages would be allowed to go up more than prices because some of the pay increases would presumably be offset...
...experiencing a peculiar sort of inflation by momentum. Prices, in their view, are not being pulled up by excess demand (the nation's factories are at present operating at only 74% of capacity). Rather, the inflationary spiral keeps spinning because everyone expects it to. As Okun wryly puts it, "Wages and prices are going up because they have been going up." So some type of Government action is needed to break the momentum, and Carter is opposed to outright controls. Though he once talked of asking Congress for power to impose controls, he now says he would...
...nation's most distinguished economists-and a black-is considered a possible Secretary of the Treasury. So, too, are Peter Peterson, 50, a Commerce Secretary dropped by former President Nixon; Robert Roosa, 58, an Under Secretary of the Treasury in the Kennedy Administration; and Arthur Okun, 47, who was Chairman of the Council of Economic Advisers under Lyndon Johnson. Charles Schultze, 51, Budget Director under Johnson, has been mentioned for Treasury or for CEA chairman. A possibility for Director of the Office of Management and Budget is Alice Rivlin, 45, head of the impressive new budget...
Some noted that the timing may occasionally be wrong for the activist leader, that there are times when consolidation should take precedence over change, when it is more important to perfect existing institutions than to create new ones. Some suggested that today is such a period. Arthur Okun, 47, chairman of Lyndon Johnson's Council of Economic Advisers (now a member of TIME'S Board of Economists), suggested that Americans are not looking for drastic changes but "the kind of changes Detroit makes from one year to another in its car models...
...about this pause, and we get more worried every day. This shortfall is just one more worry " It is sure to strengthen the hand of liberal economists who believe Congress should act early next year to give the economy another boost, probably a tax cut Brookings Institution Economist Arthur Okun, a Democrat and former chairman of the Council of Economic Advisers bristled over the shortfall and called the original budget figures a "serious overestimate." Said he: "I think if Congress had recognized that spending was going to be down that substantially, there would have been an additional...