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Deficit Reduction and Fiscal Policy

Deficit Reduction and Fiscal Policy
Author: Donovan Kurt
Publisher:
Total Pages: 0
Release: 2012
Genre: Budget deficits
ISBN: 9781620810330

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The federal budget has been in deficit since 2002, but became significantly larger in 2009. That year, the deficit topped $1 trillion for the first time ever. Relative to the overall size of the economy, budget deficits from 2009 to 2011 have been significantly larger than in any other year since World War II. This book examines and discusses the size of the projected budget deficit; how much the deficit would need to be reduced to return to long-term sustainability; President Obama's fiscal commission and other initiatives; and business investment and employment tax incentives to stimulate the economy.


Expansionary Austerity New International Evidence

Expansionary Austerity New International Evidence
Author: Mr.Daniel Leigh
Publisher: International Monetary Fund
Total Pages: 41
Release: 2011-07-01
Genre: Business & Economics
ISBN: 1455294691

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This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.


Budget Options

Budget Options
Author: United States. Congressional Budget Office
Publisher:
Total Pages: 240
Release: 1977
Genre: Budget
ISBN:

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The Deficit and the Economy

The Deficit and the Economy
Author: United States. General Accounting Office
Publisher:
Total Pages: 32
Release: 1995
Genre: Budget deficits
ISBN:

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Do Deficits Matter?

Do Deficits Matter?
Author: Daniel Shaviro
Publisher: University of Chicago Press
Total Pages: 362
Release: 1997-05
Genre: Business & Economics
ISBN: 9780226751122

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Do deficits matter? Yes and no, says Daniel Shaviro in this political and economic study. Yes, because fiscal policy affects generational distribution, national saving, and the level of government spending. And no, because the deficit is an inaccurate measure with little economic content. This book provides an invaluable guide for anyone wanting to know exactly what is at stake for Americans in this ongoing debate. "[An] excellent, comprehensive, and illuminating book. Its analysis, deftly integrating considerations of economics, law, politics, and philosophy, brings the issues of 'balanced budgets,' national saving, and intergenerational equity out of the area of religious crusades and into an arena of reason. . . . A magnificent, judicious, and balanced treatment. It should be read and studied not just by specialists in fiscal policy but by all those in the economic and political community."—Robert Eisner, Journal of Economic Literature "Shaviro's history, economics, and political analysis are right on the mark. For all readers."—Library Journal


Reducing the Deficit

Reducing the Deficit
Author:
Publisher:
Total Pages: 396
Release: 1983
Genre: Budget
ISBN:

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