This paper examines the distributional consequences of public debt reduction achieved through spending cuts. Under the assumption that public goods and transfers are relatively more valuable to the poor, our calculations indicate that the elderly poor stand to lose from such policies. Debt...

Using the device of generational accounting, this paper assesses the distribution of lifetime net tax payments acros gender and generations in Denmark. We find two significant imbalences associated with current fiscal policy. First, not only do men contribute a much larger share of their...

This paper assesses the generational stance of fiscal policy in Denmark. The results suggest that if current fiscal policy remains unchanged, the growth-adjusted lifetime net tax payments of future generations would be about 50 per cent higher than those paid by current newborns. It is found...

This paper examines the distributional consequences of public debt reduction achieved through spending cuts. Under the assumption that public goods and transfers are relatively more valuable to the poor, our calculations indicate that the elderly poor stand to lose from such policies. Debt...

This paper studies some macroeconomic policy interactions that may arise in a monetary union where monetary policy - in the hands of a common central bank - is designed so as to stabilize the aggregate price level, while fiscal policy - also operated by a supra-national authority in the form of...