[Economic Report of the President (1996)] [Administration of William J. Clinton] [Online through the Government Publishing Office, www.gpo.gov] [DOCID: f:erp_p1._] Economic Report of the President - - - - - - - - - - - - H. Doc. 104-161 [From the online service of the U.S. Government Printing Office] [wais.access.gpo.gov] Economic Report of the President Transmitted to the Congress February 1996 together with THE ANNUAL REPORT of the COUNCIL OF ECONOMIC ADVISERS UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON : 1996 ________________________________________________________________________ For sale by the U.S. Government Printing Office Superintendent of Documents, Mail Stop: SSOP, Washington, DC 20402-9328 ISBN 0-16-048501-0 CONTENTS __________ Page ECONOMIC REPORT OF THE PRESIDENT.................................. 1 ANNUAL REPORT OF THE COUNCIL OF ECONOMIC ADVISERS*................ 7 Chapter 1. Economic Policy for the 21st Century................... 19 Chapter 2. Macroeconomic Policy and Performance................... 41 Chapter 3. Making Fiscal Policy Choices Within and Across Generations................................................... 75 Chapter 4. Devolution............................................. 107 Chapter 5. Economic Efficiency and Regulatory Reform.............. 131 Chapter 6. Promoting Competition in Traditionally Regulated Industries.................................................... 155 Chapter 7. Investing in Education and Training.................... 191 Chapter 8. The United States in the World Economy................. 225 Appendix A. Report to the President on the Activities of the Council of Economic Advisers During 1995...................... 261 Appendix B. Statistical Tables Relating to Income, Employment, and Production.................................................... 273 __________ *For a detailed table of contents of the Council's Report, see page 13. (iii)