According to the 2001 Spanish budgetary previsions, the government deficit is about to disappear. We analyse this matter within a generational accounting framework. Accounting for the recent expansive phase of the economic cycle, we find that current fiscal policy is also intertemporally...

This paper introduces a methodological innovation into Generational Accounting. By incorporating cyclically-adjusted balances into the forward-looking budget projections underlying the concept we isolate pure policy effects, which render comparisons of the fiscal sustainability indicators...

Diese Analyse widmet sich mit dem Instrumentarium der Generationenbilanzierung der Frage, wie sehr die derzeitige humanitäre Zuwanderung die Nachhaltigkeit der deutschen Staatsfinanzen verändern und damit die mit dem demografischen Wandel verbundenen fiskalischen Lasten für die Bevölkerung...

According to the 2001 Spanish budgetary previsions, the government deficit is about to disappear. We analyse this matter within a generational accounting framework. Accounting for the recent expansive phase of the economic cycle, we find that current fiscal policy is also intertemporally...