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Fiscal and Generational Imbalances: New Budget Measures for New Budget Priorities ebook

by Kent Smetters,Jagadeesh Gokhale


Gokhale and Smetters argue that traditional budget measures are especially ill suited to monitor fiscal sustainability in the context . Gokhale, Jagadeesh and Smetters, Karl, Fiscal and Generational Imbalances: New Budget Measures for New Budget Priorities (April 1, 2004).

Gokhale and Smetters argue that traditional budget measures are especially ill suited to monitor fiscal sustainability in the context of growing social insuranc. Jagadeesh Gokhale (Contact Author). Washington, DC 20001-5403 United States.

Jagadeesh Gokhale (Author), Kent Smetters (Author). Jagadeesh Gokhale is Senior Fellow at the Cato Institute, Washington, DC, and a Member of the United States’ Social Security Advisory Board. The author’s past positions include senior economic advisor to the Federal Reserve Bank of Cleveland, consultant at the US Department of the Treasury, and visiting scholar at the American Enterprise Institute.

This paper proposes two new simple measures that will enable government officials and the public to calculate more accurately . Gokhale, Jagadeesh and Smetters, Kent, Fiscal and Generational Imbalances: New Budget Measures for New Budget Priorities (December 2003)

This paper proposes two new simple measures that will enable government officials and the public to calculate more accurately the costs of maintaining these programs into the relevant future. The measures provide a better understanding of the costs involved, when they will be incurred, and by whom. Gokhale, Jagadeesh and Smetters, Kent, Fiscal and Generational Imbalances: New Budget Measures for New Budget Priorities (December 2003).

The two measures that we have proposed in the past are called the Fiscal Imbalance (FI) and the Generational Imbalance (GI) (Gokhale and Smetters, 2003). The most important differences between traditional fiscal measures and our proposed 2 measures are that the latter are forward-looking and apply a time discount to future dollar flows. The FI measure equals the current level of debt held by the public (representing past overspending) plus the present discounted value of future federal non-interest expenditures less the present discounted value of future federal receipts.

Kent Smetters & Jagadeesh Gokhale, 2003. Fiscal and Generational Imbalances: New Budget Measures for New Budget Priorities," Books, American Enterprise Institute, number 52628, July. Handle: RePEc:aei:rpbook:52628. as. HTML HTML with abstract plain text plain text with abstract BibTeX RIS (EndNote, RefMan, ProCite) ReDIF JSON. Download full text from publisher.

Jagadeesh Gokhale, Kent A. Smetters. Many appreciate that the federal government's finances are shaky

Jagadeesh Gokhale, Kent A. Many appreciate that the federal government's finances are shaky. However, few realize how really bad they are because most evaluations are based on what happened in the past-not what is likely to happen in the future.

This paper proposes two new simple measures that will enable government officials and the public to calculate more .

This paper proposes two new simple measures that will enable government officials and the public to calculate more accurately the costs of maintaining these programs into the relevant future. Fiscal and Generational Imbalances: New Budget Measures for New Budget Priorities," Federal Reserve Bank of Cleveland, Policy Discussion Paper no. 03-05. Looking beyond Data to Understand Economic Mobility.

Mobile version (beta). Fiscal and Generational Imbalances: New Budget Measures for New Budget Priorities. Download (pdf, 664 Kb) Donate Read. Epub FB2 mobi txt RTF.

Fiscal and Generational Imbalances book. Goodreads helps you keep track of books you want to read

Fiscal and Generational Imbalances book. Many appreciate that the federal government's finances. Goodreads helps you keep track of books you want to read. Start by marking Fiscal and Generational Imbalances: New Budget Measures for New Budget Priorities as Want to Read: Want to Read savin. ant to Read.

Gokhale's book, Fiscal and Generational Imbalances: New Budget Measures for New Budget Priorities, coauthored with Kent Smetters, drew widespread attention when it was published by AEI in 2003. His recent analysis of European economies' fiscal condition attracted considerable media attention with the increase in sovereign default risk among Eurozone nations.

Few realize how bad the federal government's finances are, because most evaluations are based on what happened in the past―not what is likely to happen in the future.
Fiscal and Generational Imbalances: New Budget Measures for New Budget Priorities ebook
Author:
Kent Smetters,Jagadeesh Gokhale
Category:
Politics & Government
EPUB size:
1972 kb
FB2 size:
1764 kb
DJVU size:
1326 kb
Language:
Publisher:
Aei Press (January 1, 2003)
Pages:
83 pages
Rating:
4.2
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