ECONOMIC REPORT OF THE PRESIDENT ................................ 1
ANNUAL REPORT OF THE COUNCIL OF ECONOMIC ADVISERS ............... 7
CHAPTER 1. THE YEAR IN REVIEW AND THE YEARS AHEAD .............. 23
CHAPTER 2. PRODUCTIVITY GROWTH ................................. 45
CHAPTER 3. PRO-GROWTH TAX POLICY ............................... 63
CHAPTER 4. THE FISCAL CHALLENGES FACING MEDICARE ............... 85
CHAPTER 5. CATASTROPHE RISK INSURANCE ......................... 105
CHAPTER 6. THE TRANSPORTATION SECTOR: ENERGY AND
INFRASTRUCTURE USE ............................................ 125
CHAPTER 7. CURRENCY MARKETS AND EXCHANGE RATES ................ 149
CHAPTER 8. INTERNATIONAL TRADE AND INVESTMENT ................. 167
CHAPTER 9. IMMIGRATION ........................................ 189
APPENDIX A. REPORT TO THE PRESIDENT ON THE ACTIVITIES OF
THE COUNCIL OF ECONOMIC ADVISERS DURING 2006 .................. 207
APPENDIX B. STATISTICAL TABLES RELATING TO INCOME,
EMPLOYMENT, AND PRODUCTION .................................... 221
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