Thursday, January 08, 2004

Budget problems Posted here Thursday, January 08, 2004 at 10:05:26 AM     Good economic review Contents Preface I   Overview: Returning Deficits and the Need for Fiscal Reform   Martin Mühleisen   The Fiscal Deficit: Back to Square One   Costs and Consequences of Tax Cuts and Deficits   Long-Run Insolvency of Social Security and Medicare   The Policy Challenge   State and Federal Fiscal Relations   Concluding Remarks   References II   The Economic Impact of U.S. Budget Policies   Roberto Cardarelli and Ayhan Kose   Simulations of the FY2004 Budget Proposal   Fiscal Deficits and Real Interest Rates   International Implications of Higher U.S. Public Debt   References III   Social Security, Medicare, and U.S. Fiscal Prospects   Paula De Masi, Iryna Ivaschenko, and Christopher Towe   Fiscal Consequences of Social Security and Medicare   The President's Social Security Reform Commission   Medicare Reform   Concluding Remarks   References IV   Long-Run U.S. Fiscal Imbalance: An Intergenerational Analysis   Roberto Cardarelli and Christopher Towe   Constructing Intergenerational Fiscal Accounts   Debt Dynamics and Fiscal Sustainability   Conclusions   References V   U.S. Energy Policy: The Role of Taxation   Jim Prust and Dominique Simard   Energy Use in the United States   Energy Policy   Taxation and Other Instruments to Reduce Energy Consumption   Macroeconomic Effects of Energy Taxation   References VI   The Budget Enforcement Act And Options for Reform   Michael Kell   Background   Assessing the BEA Rules   Options for Reform   Conclusion   References VII   Will the State and Local Budget Crisis Hinder Economic Growth?   Iryna Ivaschenko   State and Local Government Finances   Recent Developments in State and Local Government Finances   Balanced Budget Rules and Fiscal Adjustment   How Much of a Drag on Growth?   References ********