The political economy of the budget surplus in the US:

Current surpluses in the U.S. have been achieved by a combination of a strong economy, low interest rates, and sharp cuts in defence spending. These surpluses follow a period (the eighties) of rather exceptional budget deficits. This paper investigates the origin, size, and expected future patterns...

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Bibliographic Details
Main Author: Alesina, Alberto 1957-2020 (Author)
Format: Book
Language:English
Published: Cambridge, Mass. 2000
Series:NBER working paper series 7496
Subjects:
Online Access:Volltext
Summary:Current surpluses in the U.S. have been achieved by a combination of a strong economy, low interest rates, and sharp cuts in defence spending. These surpluses follow a period (the eighties) of rather exceptional budget deficits. This paper investigates the origin, size, and expected future patterns of the U.S. budget balance. It discusses how different political forces may generate alternative fiscal scenarios for the U.S. in the next decade.
Physical Description:27 S. graph. Darst.

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