Word: pechman
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...CUTS. David Grove figures that "the fiscal stimulus is very small and will have little effect on the economy." Joseph Pechman believes "there is not enough immediate stimulation of demand." He argues that the cuts, which become effective Jan. 1, should be instituted right now, and that the increases in Social Security levies should be postponed until 1973. Walter Heller contends that it was wrong "to feed corporations with the economic raw meat of a $5 billion investment tax credit on top of the $4 billion depreciation give away, and at the same time toss the consumer the small bone...
FLOATING THE DOLLAR. Though Alan Greenspan believes that "the only viable option was to let the dollar float," he warns that if it is left unpegged for too long "trade could be stifled." Joseph Pechman says: "Strengthening the dollar is a move that is long overdue." As David Grove summarized: "The dollar has been overvalued for some years, but no one wanted to recognize that. Now the Administration wants the dollar 'devalued' enough to get a strong balance of payments position. That could come very quickly and be a big and dramatic improvement...
...JOSEPH PECHMAN, director of economic studies at the Brookings Institution. ROBERT TRIFFIN, professor of economics and master of Berkeley College at Yale University...
More likely. TIME'S experts said, 1971 will be a year of moderate recovery from the mild 1970 recession. Their G.N.P. forecasts showed only narrow differences: most clustered around $1,050 billion, with Joseph Pechman low man at $1,045 billion and Grove high at $1,057 billion. They predicted real growth of 3% to 4%, and inflation rates of 3.9% to 4½%. In their opinion, unemployment will probably not climb above the revised December figure of 6.2%, and will average 5.4% to 5.9% for the year...
...JOSEPH PECHMAN, tax authority and director of economic studies at Brooking Institution...