ABSTRACT

In the previous two sections we looked at the process through which economic policy is determined in the United States. In this section we will pay more attention to the consequences of those policies. There is no ideal way to divide up the literature in this area. I have chosen to roughly separate it into international and domestic causes of economic outcomes. However, I would stress that this is primarily for convenience. Many of the outcomes that we examine could have either international or domestic causes and in some cases both are plausible partial explanations.