Abstract
This essay reviews the path the US economy has travelled from the end of the Carter years to the Bush Presidency. This is the period in which many have proclaimed the end of the American dream while others, precisely to the contrary, see the emergence of a strong and vital America (1). Three currents merge in the assessment of the Reagan economics: first, the macroeconomics of the disinflation, strong growth and the twin deficits. Second, the feeling that America has changed, has rejuvenated its private sector, and redefined the role of the government. Third, and in opposition, the feeling that America is facing increasingly tough competition from Asia, that the standard of living of many Americans is threatened, a theme which emerged strongly in the 1988 campaign.
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© 1992 SIPI Srl, Rivista di Politica Economica
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Blanchard, O., Dornbusch, R. (1992). The US Economy in the 1980’s and Beyond. In: Baldassarri, M. (eds) Keynes and the Economic Policies of the 1980s. Central Issues in Contemporary Economic Theory and Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12815-0_6
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DOI: https://doi.org/10.1007/978-1-349-12815-0_6
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