Verfügbarkeit: An Analysis of U.S. Fiscal and Generational Imbalances

An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?

This paper updates existing measures of the U.S. fiscal gap to include federal laws up to and including the mid-December 2010 federal fiscal stimulus. It then applies the methodology of generational accounting to establish how the burden of adjustment required to attain fiscal sustainability is shar...

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1. Verfasser:	Batini, Nicoletta (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2011
Schriftenreihe:	IMF Working Papers Working Paper No. 11/72
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	This paper updates existing measures of the U.S. fiscal gap to include federal laws up to and including the mid-December 2010 federal fiscal stimulus. It then applies the methodology of generational accounting to establish how the burden of adjustment required to attain fiscal sustainability is shared across generations. We find that the U.S. fiscal and generational imbalances are large under plausible parametric assumptions, and, while not much affected by the financial crisis, they have not improved much by the passing of the Final Healthcare Legislation. We find that, under our baseline scenario, a full elimination of the fiscal and generational imbalances would require all taxes to go up and all transfers to be cut immediately and permanently by 35 percent. A delay in the adjustment makes it more costly
Beschreibung:	1 Online-Ressource (38 p)
ISBN:	1455227072 9781455227075

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spelling	Batini, Nicoletta Verfasser aut An Analysis of U.S. Fiscal and Generational Imbalances Who Will Pay and How? Batini, Nicoletta Washington, D.C International Monetary Fund 2011 1 Online-Ressource (38 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/72 This paper updates existing measures of the U.S. fiscal gap to include federal laws up to and including the mid-December 2010 federal fiscal stimulus. It then applies the methodology of generational accounting to establish how the burden of adjustment required to attain fiscal sustainability is shared across generations. We find that the U.S. fiscal and generational imbalances are large under plausible parametric assumptions, and, while not much affected by the financial crisis, they have not improved much by the passing of the Final Healthcare Legislation. We find that, under our baseline scenario, a full elimination of the fiscal and generational imbalances would require all taxes to go up and all transfers to be cut immediately and permanently by 35 percent. A delay in the adjustment makes it more costly Online-Ausg Callegari, Giovanni Sonstige oth Guerreiro, Julia Sonstige oth http://elibrary.imf.org/view/IMF001/11751-9781455227075/11751-9781455227075/11751-9781455227075.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Batini, Nicoletta An Analysis of U.S. Fiscal and Generational Imbalances Who Will Pay and How?
title	An Analysis of U.S. Fiscal and Generational Imbalances Who Will Pay and How?
title_auth	An Analysis of U.S. Fiscal and Generational Imbalances Who Will Pay and How?
title_exact_search	An Analysis of U.S. Fiscal and Generational Imbalances Who Will Pay and How?
title_exact_search_txtP	An Analysis of U.S. Fiscal and Generational Imbalances Who Will Pay and How?
title_full	An Analysis of U.S. Fiscal and Generational Imbalances Who Will Pay and How? Batini, Nicoletta
title_fullStr	An Analysis of U.S. Fiscal and Generational Imbalances Who Will Pay and How? Batini, Nicoletta
title_full_unstemmed	An Analysis of U.S. Fiscal and Generational Imbalances Who Will Pay and How? Batini, Nicoletta
title_short	An Analysis of U.S. Fiscal and Generational Imbalances
title_sort	an analysis of u s fiscal and generational imbalances who will pay and how
title_sub	Who Will Pay and How?
url	http://elibrary.imf.org/view/IMF001/11751-9781455227075/11751-9781455227075/11751-9781455227075.xml
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