Showing 1 - 2 of 2
. But demographic change is also likely to raise savings, increase wages, and reduce interest rates, and up to a point, a …
Persistent link: https://www.econbiz.de/10011511045
The paper examines the sustainability of U.S. fiscal policy, finding substantial evidence in favor. I summarize the U.S. fiscal record from 1792-2003, critically review sustainability conditions and their testable implications, and apply them to U.S. data. I particularly emphasize the...
Persistent link: https://www.econbiz.de/10002756349