A comparative analysis of the U.S. Economy: Keynesian vs. Supply-side policies
The U.S. economy is in transition. Recent changes in the U.S. Congress once again call for economic policy reforms that will have significant implications.This paper provides a comparative analysis of two divergent economic policies between 1960 and 1988. It is argued that a retrospective look at the Keynesianera (1960-1980) and the Supply-side era (1980-1988) economic policies may shed light on the choice of future policies.