Showing 1 - 10 of 129
Persistent link: https://www.econbiz.de/10009746722
This paper considers the magnitude of the U.S. fiscal imbalance, as measured by the permanent changes needed to stabilize the national debt as a share of GDP. At present, even after recent improvements in forecast deficits, this imbalance stands at 5.3 percent of GDP -- several times the...
Persistent link: https://www.econbiz.de/10013238705
This paper considers the magnitude of the U.S. fiscal imbalance, as measured by the permanent changes needed to stabilize the national debt as a share of GDP. At present, even after recent improvements in forecast deficits, this imbalance stands at 5.3 percent of GDP -- several times the...
Persistent link: https://www.econbiz.de/10012472691
Persistent link: https://www.econbiz.de/10002581592
Fiscal policy can foster growth and human development through a number of different channels. These include the macroeconomic (for example, through the influence of the budget deficit on growth) as well as the microeconomic (through its influence on the efficiency of resource use). But how...
Persistent link: https://www.econbiz.de/10014398779
Intro -- Contents -- Foreword -- Contributors -- Acknowledgments -- Fiscal Policy for Economic Development: An Overview -- Fiscal Policy, Expenditure Composition, and Growth in Low-Income Countries -- Persistence of Fiscal Adjustments and Expenditure Composition in Low-Income Countries --...
Persistent link: https://www.econbiz.de/10013042586
Any fiscal path is sustainable if future fiscal policy responds sufficiently to high deficits. Previous work found that Congress reduced the deficit during 1984-2003 when projected deficits rose. We find that this year-to-year feedback has disappeared: Congress on average during 2004-2024 did...
Persistent link: https://www.econbiz.de/10015195020
"As the world economy slowly recovers from the very deep and widespread recession of recent years, many countries confront very serious fiscal imbalances. How much time they have to deal with these imbalances is a central question, the salience of which can only have been increased by the...
Persistent link: https://www.econbiz.de/10009425697
Persistent link: https://www.econbiz.de/10003378680
Persistent link: https://www.econbiz.de/10003290769