A Quote by Janet Yellen
My advice would be, as you consider fiscal policies, to keep in mind and look carefully at the impact those policies are likely to have on the economy's productive capacity, on productivity growth, and to the maximum extent possible, choose policies that would improve that long-run growth and productivity outlook.
Related Quotes
As a general principle, the American people would be well served by the active pursuit of effective policies to support longer-run growth in productivity.
If you look at the policies that were implemented over the past four years post 2015, these are not really growth oriented policies.
Our policies for increasing agricultural production and productivity have been scale neutral; that is, our policies are equally effective irrespective of the size of the holdings.
In economies with excess productive capacity, targeted investment can yield a double benefit, generating short-run demand and boosting growth and productivity thereafter.
Israel is following policies which maximise its security threats... policies which choose expansion over security... policies which lead to their moral degradation, their isolation, their delegitimation, as they call it now, and very likely ultimate destruction. That's not impossible.
There are several states that move from Karl Marx-like policies to Adam Smith-like policies and back again in a weekend. So for the states with huge volatility in their income tax policies over time, the differences in growth rates in those periods are really amazingly consistent with tax rates really mattering.
Long-term economic growth depends mainly on nonmonetary factors such as population growth and workforce participation, the skills and aptitudes of our workforce, the tools at their disposal, and the pace of technological advance. Fiscal and regulatory policies can have important effects on these factors.
In my view, the key aim of economic policy in many countries, and particularly in Russia, should be the sort of policy that stimulates productivity growth because only on the basis of growth of labour productivity can we enjoy healthy growth.
Productivity growth, however it occurs, has a disruptive side to it. In the short term, most things that contribute to productivity growth are very painful.
Growth that adds volume without improving productivity is fat. Growth that diminishes productivity is cancer.
Through pro-growth policies, by abolishing Obamacare and eliminating other Obama-imposed impediments to economic growth, we will get our economy back on track.
I come back to what I had said earlier: the policies might be there but are people benefiting from the policies? You do find that in many instances, though the policies exist, they are not having the necessary impact. That is a particular challenge in local government, because that is where all the services get delivered.
If they understand, which I believe they really are sensing, that the alternative the Republicans have been offering is to repeal what we've done, to go back to Bush policies - and if you asked the public what would you prefer, Bush economic policies or Obama economic policies, they take and prefer Obama economic policies.
Most of the policies that support robust economic growth in the long run are outside the province of the central bank.
Malaysia has got all the things in place to continue growth: the policies are there; the mechanisms are there. So, I think even when I am not around, Malaysia can do with other people who are converse with our policies.
America's economy is resilient, and I am confident that Republican pro-growth policies will continue to keep our economy growing - just as it has since after the September 2001 terrorist attacks.
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