State and Local Budget Surpluses and the Effect of Federal Macroeconomic Policies PDF Download

Author: Edward M. Gramlich
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 32

View

Book Description

Author: Janice Eberly
Publisher: Brookings Institution Press
ISBN: 0815739397
Category : Business & Economics
Languages : en
Pages : 452

View

Book Description
Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.

Author: United States. Congress. Joint Economic Committee
Publisher:
ISBN:
Category : Government spending policy
Languages : en
Pages : 1240

View

Book Description

Author: Douglas W. Elmendorf
Publisher: DIANE Publishing
ISBN: 1437988806
Category : Business & Economics
Languages : en
Pages : 16

View

Book Description

Author: Allen Schick
Publisher: Brookings Institution Press
ISBN: 0815777329
Category : Business & Economics
Languages : en
Pages : 362

View

Book Description
The federal budget impacts American policies both at home and abroad, and recent concern over the exploding budgetary deficit has experts calling our nation's policies "unsustainable" and "system-dooming." As the deficit continues to grow, will America be fully able to fund its priorities, such as an effective military and looking after its aging population? In this third edition of his classic book The Federal Budget, Allen Schick examines how surpluses projected during the final years of the Clinton presidency turned into oversized deficits under George W. Bush. In his detailed analysis of the politics and practices surrounding the federal budget, Schick addresses issues such as the collapse of the congressional budgetary process and the threat posed by the termination of discretionary spending caps. This edition updates and expands his assessment of the long-term budgetary outlook, and it concludes with a look at how the nation's deficit will affect America now and in the future. "A clear explanation of the federal budget... [Allen Schick] has captured the politics of federal budgeting from the original lofty goals to the stark realities of today."—Pete V. Domenici, U.S. Senate

Author: Kenneth W. Thompson
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 200

View

Book Description
The Budget Deficit and National Debt analyzes and attempts to better understand the problems associated with the debt and deficit. The theme of this book parallels the Miller Center's primary focus on governance and the presidency. The president is a key actor in submitting, approving, and administrating the budget. Therefore, the study of debt and deficit is in keeping with the Miller Center's focus on governance and the presidency. The book is divided into four sections. The first section discusses the debt and deficit from a variety of political perspectives and ideological approaches. Three contributors, representing different schools of thought and professional backgrounds, provide separate frameworks for considering the budget and deficit. The first section contrasts liberal, conservative, and independent views and compares the effects of the deficit on federal and local governments. The second section provides an overview of the origins and growth of the deficit and its effect on the U.S. economy. The authors outline interaction among and competition between economic and political forces operating in the United States, and they debate the merits of deficit reduction proposals. The third section examines the economic and political ramifications of the deficit, reviewing tactical and strategic errors and their consequences. The book concludes with a discussion of the political struggle over controlling the deficit and chronicles the ambitions and rivalries of two key political figures--Bill Clinton and Newt Gingrich. Their dispute over the seven year balanced-budget plan had significant influence on the policies of debt and deficit.

Author: Glenn Follette
Publisher: DIANE Publishing
ISBN: 1437939880
Category : Business & Economics
Languages : en
Pages : 40

View

Book Description
Examines the effects of the economy on the gov¿t. budget as well as the effects of the budget on the economy. Provides measures of the effects of automatic stabilizers on budget outcomes at the fed., state and local levels. At the fed. level, the deficit increases about 0.35% of GDP for each 1 percentage point deviation of actual GDP relative to potential GDP. For state and local gov¿t., the deficit increases by 0.1% of GDP. Examines the response of the economy to the automatic stabilizers by comparing the response to aggregate demand shocks. The authors find that federal policy actions are somewhat counter-cyclical while state and local policy actions have been somewhat pro-cyclical. Illustrations. This is a print on demand publication.

Author: Gerald Carlino
Publisher:
ISBN:
Category :
Languages : en
Pages :

View

Book Description

Author: National Research Council
Publisher: National Academies Press
ISBN: 0309261961
Category : Social Science
Languages : en
Pages : 230

View

Book Description
The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.

Author: Mr.Jack Diamond
Publisher: International Monetary Fund
ISBN: 9781557757876
Category : Business & Economics
Languages : en
Pages : 84

View

Book Description
Traditionally, economics training in public finances has focused more on tax than public expenditure issues, and within expenditure, more on policy considerations than the more mundane matters of public expenditure management. For many years, the IMF's Public Expenditure Management Division has answered specific questions raised by fiscal economists on such missions. Based on this experience, these guidelines arose from the need to provide a general overview of the principles and practices observed in three key aspects of public expenditure management: budget preparation, budget execution, and cash planning. For each aspect of public expenditure management, the guidelines identify separately the differing practices in four groups of countries - the francophone systems, the Commonwealth systems, Latin America, and those in the transition economies. Edited by Barry H. Potter and Jack Diamond, this publication is intended for a general fiscal, or a general budget, advisor interested in the macroeconomic dimension of public expenditure management.