Economic Reportof the President
Transmitted to the CongressFebruary 1996
TOGETHER WITH
THE ANNUAL REPORT
OF THE
COUNCIL OF ECONOMIC ADVISERS
UNITED STATES GOVERNMENT PRINTING OFFICEWASHINGTON : 1996
For sale by the U.S. Government Printing OfficeSuperintendent of Documents, Mail Stop: SSOP, Washington, DC 20402-9328ISBN 0-16-048501-0
CONTENTS
Page
ECONOMIC REPORT OF THE PRESIDENT.........................1ANNUAL REPORT OF THE COUNCIL OF ECONOMICADVISERS*.7C
HAPTER
1. E
CONOMIC
P
OLICY FOR THE
21
ST
C
ENTURY
..........19C
HAPTER
2. M
ACROECONOMIC
P
OLICY AND
P
ERFORMANCE
......41C
HAPTER
3. M
AKING
F
ISCAL
P
OLICY
C
HOICES
W
ITHIN AND
A
CROSS
G
ENERATIONS
.75C
HAPTER
4. D
EVOLUTION
............................................................107C
HAPTER
5. E
CONOMIC
E
FFICIENCY AND
R
EGULATORY
R
E
-
FORM
.131C
HAPTER
6. P
ROMOTING
C
OMPETITION IN
T
RADITIONALLY
R
EGULATED
I
NDUSTRIES
.155C
HAPTER
7. I
NVESTING IN
E
DUCATION AND
T
RAINING
..............191C
HAPTER
8. T
HE
U
NITED
S
TATES IN THE
W
ORLD
E
CONOMY
.....225A
PPENDIX
A. R
EPORT TO THE
P
RESIDENT ON THE
A
CTIVITIESOF THE
C
OUNCIL OF
E
CONOMIC
A
DVISERS
D
URING
1995.261A
PPENDIX
B. S
TATISTICAL
T
ABLES
R
ELATING TO
I
NCOME
, E
M
-
PLOYMENT
,
AND
P
RODUCTION
.273
*For a detailed table of contents of the Council’s Report, see page 13.
(iii)
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