Reports for 1984- include: The annual report of the Council of Economic Advisers.

Reports for 1984- include: The annual report of the Council of Economic Advisers.

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

What happens when a conservative president makes a liberal professor from the Ivy League his top urban affairs adviser? The president is Richard Nixon, the professor is Harvard's Daniel Patrick Moynihan. Of all the odd couples in American public life, they are probably the oddest. Add another Ivy League professor to the White House staff when Nixon appoints Columbia's Arthur Burns, a conservative economist, as domestic policy adviser. The year is 1969, and what follows behind closed doors is a passionate debate of conflicting ideologies and personalities. Who won? How? Why? Now nearly a half-century later, Stephen Hess, who was Nixon's biographer and Moynihan's deputy, recounts this fascinating story as if from his office in the West Wing. Daniel Patrick Moynihan (1927–2003) described in the Almanac of American Politics as "the nation's best thinker among politicians since Lincoln and its best politician among thinkers since Jefferson", served in the administrations of four presidents, was ambassador to India, and U.S. representative to the United Nations, and was four times elected to the U.S. Senate from New York. Praise for the works of Stephen Hess Organzing the Presidency Any president would benefit from reading Mr. Hess's analysis and any reader will enjoy the elegance with which it is written and the author's wide knowledge and good sense. -The Economist The Presidential Campaign Hess brings not only first-rate credentials, but a cool, dispassionate perspective, an incisive analytical approach, and a willingness to stick his neck out in making judgments. -American Political Science Review From the Newswork Series It is not much in vogue to speak of things like the public trust, but thankfully Stephen Hess is old fashioned. He reminds us in this valuable and provocative book that journalism is a public trust, providing the basic information on which citizens in a democracy vote, or tune out. — Ken A