Looking out for the national interest: the principles of the Council of Economic Advisers
Article Abstract:
The Council of Economic Advisers (CEA) plays an important role in the US administration. The CEA recognizes the economic importance of incentives in designing policies and in its organizational structure. The CEA also presents other microeconomic issues, such as moral hazard and adverse selection. It also represents the best interests of the general public and focuses on the trends of the macroeconomics policy. The CEA also produces and disseminates economic information and analysis.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1997
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Presidents and economists: The Council of Economic Advisers
Article Abstract:
The Council of Economic Advisers (CEA), created in 1946, is a unique entity that survived for 50 years. This survival is attributed to four factors. The CEA keeps a modest staff of between 35 to 40, including 18-20 senior economists. It has a professional and an impartial staff who provides excellent analysis. The CEA avoids operational obligations and focuses on their responsibilities. It also focuses on daily government decisions regarding the economy.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1997
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The Council of Economic Advisers: from stabilization to resource allocation
Article Abstract:
The role of the Council of Economic Advisers (CEA) has changed since its creation in 1946. The CEA was originally established to advise on the construction of policies for macroeconomic stability. Extensive growth in the role of the government in domestic policy over the last 50 years has shifted the role of CEA to enhancing the efficiency of resource allocation. This is attributed to the CEA's best representation of general public welfare.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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