Fiscal policy and fickle fortunes: what’s luck got to do with it?

The author contends that luck has played a major role in the fiscal fortunes of the 1990s. He (along with many others) is therefore concerned about the unquestioned presumption that projected budget surpluses are as good as achieved. Such a presumption, he says, is a shaky foundation from which to launch major new budget initiatives.

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Year of publication:	2000
Authors:	Altig, David
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 2000, Apr, 1
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Fiscal policy \| Budget

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005512928