This book presents the papers and discussant comments delivered at the first Milken Institute for Job and Capital Formation conference, held October 21–23, 1992, in Santa Monica, California. The papers offer findings on links between economic policy and economic growth. .
The Milken Institute for Job and Capital Formation: An Introduction Part One: Capital Markets, Capital Formation, Savings, and Economic: Growth 1. Economic Growth, Convergence, and Government Policies 2. Deposit Insurance, Savings, and Economic Growth Part Two: Financial Markets and Economic Regulation 3. Financial Repression and the Capital Crunch Recession: Political and Regulatory Barriers to Growth Economics 4. Bank Capitalization Standards, the Credit Crunch, and Resource Allocation under Regulation Part Three: Monetary and Fiscal Policy 5. Monetary Policy: Some Theory and Evidence 6. Monetary Aggregates and Monetary Policy Part Four: Government Spending and Taxation 7. Fiscal Effects on U.S. Economic Growth 8. Capital Formation, Economic Growth, and Jobs: A Heretical Tax Strategy for Economic Growth Part Five: Concluding Thoughts 9. Economic Literacy and Economic Growth