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751:. The members are appointed by the president. As of July 2017, the council's eighteen person staff consisted of a chief of staff (Director of Macroeconomic Forecasting), fifteen economists (five senior, four research, four staff economists, two economic statisticians) and two operations staff. Many of the staff economists are academics on leave or government economists on temporary assignment from other agencies.
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3. to appraise the various programs and activities of the
Federal Government in the light of the policy declared in section 2 for the purpose of determining the extent to which such programs and activities are contributing, and the extent to which they are not contributing, to the achievement of such
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to provide presidents with objective economic analysis and advice on the development and implementation of a wide range of domestic and international economic policy issues. It was a step from an "ad hoc style of economic policy-making to a more institutionalized and focused process". The act gave
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2. to gather timely and authoritative information concerning economic developments and economic trends, both current and prospective, to analyze and interpret such information in the light of the policy declared in section 2 for the purpose of determining whether such developments and trends are
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The report is published by the CEA annually in
February, no later than 10 days after the Budget of the US Government is submitted. The president typically writes a letter introducing the report, serving as an executive summary. The report proceeds with several hundred pages of qualitative and
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Until 1963, during its first seven years the CEA made five technical advances in policy making, including the replacement of a "cyclical model" of the economy by a "growth model", the setting of quantitative targets for the economy, use of the theories of
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and reasonable price stability within a specific time period. It has been criticized for making CEA's annual economic report highly political in nature, as well as highly unreliable and inaccurate over the standard two or five year projection periods.
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4. to develop and recommend to the
President national economic policies to foster and promote free competitive enterprise, to avoid economic fluctuations or to diminish the effects thereof, and to maintain employment, production, and purchasing power;
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activity in the previous year, outlining economic goals for the coming year (based on the
President's economic agenda), and making numerical projections of economic performance and outcomes. The data referenced or used in the report are from the
355:. The council is made up of its chairperson and generally two to three additional member economists. Its chairperson requires appointment and Senate confirmation, and its other members are appointed by the President.
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and full-employment budget, recognition of the need for greater flexibility in taxation, and replacement of the notion of unemployment as a structural problem by a realization of a low aggregate demand.
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615:. Nourse resigned as chairman, warning about the dangers of budget deficits and increased funding of "wasteful" defense costs. Keyserling succeeded to the chairmanship and influenced Truman's
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Brune, Lester H. (1989), "Guns and Butter: the Pre-Korean War
Dispute over Budget Allocations: Nourse's Conservative Keynesianism Loses Favor Against Keyserling's Economic Expansion Plan",
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that, in April 1950, asserted that the larger armed forces
America needed would not affect living standards or risk the "transformation of the free character of our economy".
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interfering, or are likely to interfere, with the achievement of such policy, and to compile and submit to the
President studies relating to such developments and trends;
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5. to make and furnish such studies, reports thereon, and recommendations with respect to matters of
Federal economic policy and legislation as the President may request.
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argued about whether the advice should be private or public and about the role of government in economic stabilization. Nourse believed a choice had to be made between "
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Remarks by
Chairman Alan Greenspan. Receipt of the Truman Medal for Economic Policy. Before the Truman Medal Award and Economics Conference, Kansas City, Missouri
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Flickenschild, Michael, Afonso, Alexandre (2018), "Networks of economic policy expertise in
Germany and the United States in the wake of the Great Recession",
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Cimbala, Stephen J.; Stout, Robert L. (1983), "The Economic Report of the President: Before and after the Full Employment and Balanced Growth Act of 1978",
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as a possible bipartisan economic policy for the nation. Especially important in formulating the CEA response to the recession—accelerating
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Salant, Walter S. (1973), "Some Intellectual Contributions of the Truman Council of Economic Advisers to Policy-making",
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Records of the Office of the Council of Economic Advisors, Dwight D. Eisenhower Presidential Library
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Engelbourg, Saul (1980), "The Council of Economic Advisers and the Recession of 1953–1954",
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of 2008–09, the Council of Economic Advisers played a significant role in supporting the
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Leeson, Robert (1997), "The Political Economy of the Inflation-unemployment Trade-off",
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2945:"Guns, Butter, Leon Keyserling, the AFL-CIO, and the Fate of Full-employment Economics"
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McCaleb, Thomas S. (1986), "The Council of Economic Advisers after Forty Years",
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1. to assist and advise the President in the preparation of the Economic Report;
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34:. For another similarly sounding agency within the U.S. federal government, see
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Designing U.S. Economic Policy: An Analytical Biography of Leon H. Keyserling
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on economic policy. The CEA provides much of the empirical research for the
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October 26, 2005, Council of Economic Advisers website under President Bush
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policy, and to make recommendations to the President with respect thereto;
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The council's chairman is nominated by the president and confirmed by the
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Papers of Raymond J. Saulnier, Dwight D. Eisenhower Presidential Library
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Brazelton, W. Robert (1997), "The Economics of Leon Hirsch Keyserling",
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supported an activist contracyclical approach that helped to establish
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Eizenstat, Stuart E. (1992), "Economists and White House Decisions",
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programs, easing credit, and reducing taxes—were Arthur F. Burns and
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Papers of Arthur F. Burns, Dwight D. Eisenhower Presidential Library
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Since 1980, the CEA has focused on sources of economic growth, the
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The Employment Act and the Council of Economic Advisers, 1946–1976
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of the economy, and on international issues. In the wake of the
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You can help by providing page numbers for existing citations.
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81:
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2905:
Biographical Directory of the Council of Economic Advisers
607:. In 1949, Keyserling gained support from Truman advisors
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President's Council of Advisors on Science and Technology
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2480:"Obama names Furman as new White House chief economist"
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For the body that advises the Scottish Government, see
27:
U.S. presidential advisory committee on economic policy
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Executive Office of the President of the United States
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Executive Office of the President of the United States
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established the Council of Economic Advisers via the
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Office of Social Innovation and Civic Participation
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Office of Faith-Based and Neighborhood Partnerships
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Initiative on Asian Americans and Pacific Islanders
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List of reports by the Council of Economic Advisors
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2410:Flickenschild; Michael, Afonso, Alexandre (2018).
3224:Office of E-Government and Information Technology
3160:Committee for the Preservation of the White House
3400:(White House Operations, White House Personnel,
2861:, Columbia: University of South Carolina Press,
2221:
2219:
251:Council on Wage and Price Stability (Carter era)
3095:Executive Office of the United States President
3056:Economic Report of the President (1995–present)
2921:Tobin, James; Weidenbaum, Murray, eds. (1988),
2634:The American Journal of Economics and Sociology
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3311:(Office of Media Affairs, Office of Research,
3119:Corporation for National and Community Service
529:quantitative research reviewing the impact of
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246:Office of Price Administration (World War II)
8:
3232:Office of Information and Regulatory Affairs
2800:: CS1 maint: multiple names: authors list (
2452:: CS1 maint: multiple names: authors list (
679:required each administration to move toward
201:
438:. Unsourced material may be challenged and
397:Learn how and when to remove these messages
351:and prepares the publicly-available annual
75:Learn how and when to remove these messages
3523:United States Council of Economic Advisers
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2469:Whitehouse.gov, n.d. accessed 29 July 2017
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1764:Ernie Tedeschi 2023–present (March 2024)
511:Learn how and when to remove this message
458:Learn how and when to remove this message
189:Learn how and when to remove this message
171:Learn how and when to remove this message
36:National Economic Council (United States)
3538:1946 establishments in the United States
2272:"Economic Report of the President | CEA"
647:" with just one family wage-earner. The
112:of all important aspects of the article.
3543:Government agencies established in 1946
3373:Office of the National Security Advisor
3251:National Science and Technology Council
3243:Office of Science and Technology Policy
3220:Office of the Chief Performance Officer
3210:Office of Mail and Messenger Operations
3131:President's Intelligence Advisory Board
2559:"Tedeschi tapped to be Chief Economist"
2516:"Rauh named Principal Economic Adviser"
2354:
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2215:
845:Acting: November 2, 1949 – May 10, 1950
619:proposals and the economic sections of
343:established in 1946, which advises the
339:) is a United States agency within the
32:Council of Economic Advisers (Scotland)
3247:Office of the Chief Technology Officer
3238:Office of National Drug Control Policy
3228:Office of Federal Financial Management
3045:U.S. Bureau of Economic Analysis (BEA)
2793:
2445:
737:American Recovery and Reinvestment Act
200:
108:Please consider expanding the lead to
3135:President's Management Advisory Board
2405:
2403:
7:
677:Humphrey–Hawkins Full Employment Act
436:adding citations to reliable sources
264:Eisenhower Executive Office Building
3172:Office of the Chief Floral Designer
2467:Council of Economic Advisers. Staff
3533:United States national commissions
3257:Office of the Trade Representative
3025:Economic Report of the President:
2647:10.1111/j.1536-7150.1989.tb03189.x
2296:"Economic Report of the President"
2254:"Economic Report of the President"
25:
2757:Journal of European Public Policy
2416:Journal of European Public Policy
763:The council and staff during the
564:the council the following goals:
378:This section has multiple issues.
341:Executive Office of the President
56:This article has multiple issues.
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3146:Council on Environmental Quality
3035:Economic Reports 1947 to present
3029:Economic Report of the President
2961:10.1111/j.1540-6563.2004.00094.x
2683:Journal of Economic Perspectives
2603:Journal of Economic Perspectives
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524:Economic Report of the President
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353:Economic Report of the President
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133:
86:
45:
3476:, Office of Records Management)
3433:Presidential Innovation Fellows
3216:Office of Management and Budget
3180:Graphics and Calligraphy Office
3115:Council for Community Solutions
3051:U.S. Bureau of Labor Statistics
386:or discuss these issues on the
100:may be too short to adequately
64:or discuss these issues on the
18:US Council of Economic Advisers
3367:Office of the Social Secretary
3344:Office of National AIDS Policy
2663:Presidential Studies Quarterly
345:president of the United States
110:provide an accessible overview
1:
3528:United States economic policy
3398:Management and Administration
3313:Office of the Press Secretary
2907:, New York: Greenwood Press,
2770:10.1080/13501763.2018.1518992
2583:Brazelton, W. Robert (2001),
2429:10.1080/13501763.2018.1518992
3299:Office of the Chief of Staff
3266:Office of the Chief of Staff
3262:Office of the Vice President
3176:Office of the Executive Chef
3141:Council of Economic Advisers
2877:History of Political Economy
2811:History of Political Economy
2240:Council of Economic Advisers
599:" but Keyserling argued for
333:Council of Economic Advisers
202:Council of Economic Advisers
3474:Presidential Correspondence
3428:Office of Political Affairs
3041:, St. Louis Federal Reserve
641:neo-Keynesian interventions
639:, deployed non-traditional
536:Bureau of Economic Analysis
226:; 78 years ago
3559:
3447:Council on Women and Girls
3332:Office of Digital Strategy
3328:Counselor to the President
2943:Wehrle, Edmund F. (2004),
1914:Marina von Neumann Whitman
540:Bureau of Labor Statistics
29:
3492:Presidential Food Service
3408:National Economic Council
3388:Intergovernmental Affairs
3377:Homeland Security Advisor
3303:Office of Senior Advisors
3294:Office of Cabinet Affairs
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3201:Homeland Security Council
3191:National Security Council
3168:Office of the Chief Usher
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2929:, Cambridge: MIT Press,
2857:Norton, Hugh S. (1977),
1761:Kevin Corinth 2020–2021
3383:Gun Violence Prevention
3336:Domestic Policy Council
3317:Office of Speechwriting
2889:10.1215/00182702-5-1-36
2713:Business History Review
2502:The Wall Street Journal
2226:Wage and Price Controls
142:This article cites its
3461:Scheduling and Advance
3438:Presidential Personnel
3418:Oval Office Operations
3413:National Trade Council
3186:National Space Council
2903:Sobel, Robert (1988),
2587:, New York: Palgrave,
2397:Cimbala and Stout 1983
2004:Richard L. Schmalensee
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561:Employment Act of 1946
3496:Transportation Agency
3484:Communications Agency
3164:Office of the Curator
2228:Encyclopedia.com n.d.
1896:Hendrik S. Houthakker
762:
635:, the CEA, headed by
557:Truman administration
2616:10.1257/jep.11.4.189
2320:"History of the CEA"
2118:Donald B. Marron Jr.
2112:Matthew J. Slaughter
1892:1968-1970, 1991-1993
1872:James S. Duesenberry
765:Biden administration
749:United States Senate
432:improve this section
3393:Legislative Affairs
3156:Executive Residence
2538:"Kevin Corinth Bio"
2088:Randall S. Kroszner
1968:William A. Niskanen
1944:William D. Nordhaus
203:
3422:Personal Secretary
3286:White House Office
3195:Deputies Committee
2696:10.1257/jep.6.3.65
2518:. 20 November 2019
2178:Tomas J. Philipson
2172:Richard Burkhauser
2070:Robert Z. Lawrence
2052:Jeffrey A. Frankel
1926:William J. Fellner
1613:September 13, 2017
1544:September 10, 2010
769:
707:. You can help by
605:standard of living
485:. You can help by
239:Preceding agencies
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3443:Public Engagement
2136:Katharine Abraham
2106:Katherine Baicker
2082:Mark B. McClellan
2046:Alicia H. Munnell
2010:David F. Bradford
1986:Thomas Gale Moore
1938:Burton G. Malkiel
1830:Paul W. McCracken
1818:Walter W. Stewart
1747:
1746:
1513:September 3, 2010
1485:February 27, 2006
1439:February 23, 2005
1421:February 18, 2005
1385:February 28, 2003
1334:February 18, 1997
1316:February 10, 1997
1254:George H. W. Bush
1157:February 27, 1981
1149:Murray Weidenbaum
1098:September 4, 1974
1029:December 31, 1971
1001:February 15, 1968
983:February 15, 1968
978:November 16, 1964
932:November 15, 1964
883:Dwight Eisenhower
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633:1953–54 recession
587:In 1949 Chairman
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1117:
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1115:
1113:Charles Schultze
1104:
1103:January 20, 1977
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810:November 1, 1949
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2190:Heather Boushey
2184:Tyler Goodspeed
2100:Harvey S. Rosen
2076:Kathryn L. Shaw
2040:Martin N. Baily
2034:Joseph Stiglitz
2028:Carolyn Fischer
2022:Alan S. Blinder
1974:Jerry L. Jordan
1950:Lyle E. Gramley
1920:Gary L. Seevers
1884:Warren L. Smith
1824:Joseph S. Davis
1788:Leon Keyserling
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767:, in March 2023
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733:Great Recession
721:
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705:needs expansion
690:
681:full employment
629:
593:Leon Keyserling
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483:needs expansion
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285:Jared Bernstein
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216:Agency overview
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2984:External links
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1756:Joshua D. Rauh
1751:
1750:Chief Advisers
1748:
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1708:March 31, 2023
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597:guns or butter
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3488:Medical Unit
3140:
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2883:(1): 36–49,
2880:
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2858:
2842:
2839:Cato Journal
2838:
2814:
2810:
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2756:
2716:
2712:
2689:(3): 65–71,
2686:
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2562:. Retrieved
2553:
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2510:
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2483:
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2448:cite journal
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2327:. Retrieved
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2299:
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2279:. Retrieved
2275:
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2257:
2248:
2239:
2233:
2204:2023–present
2192:2021–present
2166:Sandra Black
2130:Carl Shapiro
2064:Yu-Chin Chen
1908:Ezra Solomon
1628:Donald Trump
1582:Jason Furman
1559:Alan Krueger
1523:Barack Obama
1454:Ben Bernanke
1431:Harvey Rosen
1416:May 29, 2003
1380:May 11, 2001
1349:Martin Baily
1326:Janet Yellen
1303:Joe Stiglitz
1290:Bill Clinton
1136:Jimmy Carter
860:Arthur Burns
820:Harry Truman
797:Edwin Nourse
746:
743:Organization
726:
713:
709:adding to it
704:
688:1980–present
674:
665:
657:public works
653:Keynesianism
645:middle class
637:Arthur Burns
630:
609:Dean Acheson
589:Edwin Nourse
586:
582:
578:
574:
570:
567:
554:
527:
507:
491:
487:adding to it
482:
454:
445:
430:Please help
418:
394:
387:
381:
380:Please help
377:
352:
336:
332:
330:
260:Headquarters
185:
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158:
147:
115:
99:
97:lead section
72:
65:
59:
58:Please help
55:
3031:, 2009-2017
3006:, 2017-2021
2388:Salant 1973
1848:James Tobin
1836:Karl Brandt
1800:Karl A. Fox
1408:Greg Mankiw
1267:Laura Tyson
1077:Gerald Ford
993:Arthur Okun
755:Composition
729:supply side
669:fiscal drag
631:During the
591:and member
349:White House
312:.whitehouse
3512:Categories
3363:First Lady
2780:1887/71157
2439:1887/71157
2370:Brune 1989
2305:2023-06-04
2281:2023-06-04
2210:References
1782:Roy Blough
1758:2019–2020
1743:Incumbent
788:President
383:improve it
359:Activities
61:improve it
3012:, 1953–61
2977:143607377
2969:0018-2370
2949:Historian
2897:0018-2702
2851:0273-3072
2831:0018-2702
2789:1466-4429
2749:154554637
2733:0007-6805
2705:0895-3309
2675:0360-4918
2655:0002-9246
2625:0895-3309
2564:March 21,
2543:March 21,
2522:March 21,
2198:2021–2023
2186:2019–2021
2180:2017–2020
2174:2017–2019
2168:2015–2017
2162:2015–2017
2156:2014–2015
2150:2013–2015
2144:2013–2014
2138:2011–2013
2132:2011–2012
2126:2009–2011
2120:2008–2009
2114:2005–2007
2108:2005–2007
2102:2003–2005
2096:2003–2005
2090:2001–2003
2084:2001–2002
2078:2000–2001
2072:1999–2001
2066:1999–2000
2060:1998–1999
2054:1997–1999
2048:1996–1997
2042:1995–1996
2036:1993–1995
2030:1994-1995
2024:1993–1994
2018:1991–1993
2012:1991–1993
2006:1989–1991
2000:1989–1991
1994:1986–1988
1988:1985–1989
1982:1982–1985
1976:1981–1982
1970:1981–1985
1964:1980–1981
1958:1979–1981
1952:1977–1980
1946:1977–1979
1940:1975–1977
1934:1975–1976
1928:1973–1975
1922:1973–1975
1916:1972–1973
1910:1971–1973
1904:1969–1971
1898:1969–1971
1886:1968–1969
1880:1968–1969
1874:1966–1968
1868:1964–1966
1862:1963–1964
1856:1961–1962
1850:1961–1962
1844:1959–1961
1838:1958–1961
1832:1956–1959
1826:1955–1958
1820:1953–1955
1814:1954–1956
1808:1953–1955
1802:1953–1955
1796:1952–1953
1790:1950–1953
1784:1950–1952
1778:1946–1953
1718:Joe Biden
716:July 2017
675:The 1978
627:1950s–80s
617:Fair Deal
538:and U.S.
419:does not
389:talk page
270:Employees
161:July 2017
118:July 2017
102:summarize
67:talk page
2796:citation
531:economic
273:About 35
3358:Fellows
3323:Counsel
2741:3114480
2577:Sources
2484:Reuters
2258:govinfo
1769:Members
546:History
440:removed
425:sources
305:Website
287:, Chair
229: (
144:sources
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621:NSC 68
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2973:S2CID
2745:S2CID
2737:JSTOR
2329:4 May
779:Name
2965:ISSN
2931:ISBN
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2827:ISSN
2802:link
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785:End
611:and
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