Highlights 76A
نویسنده
چکیده
That being so, this essay reviews an influential recent paper, which outlines the widely accepted case for treating current and future budget deficits as our most urgent economic policy priority. The results are not pretty. To a large extent, my review shows that the paper’s theoretical arguments are flawed, and the empirical evidence is inconclusive. Overall, the case for treating budget deficits, either current or prospective, as a deeply threatening phenomenon is surprisingly weak. In a September 2004 paper—to be published later in 2005—entitled “Budget Deficits, National Saving, and Interest Rates,” William G. Gale and Peter R. Orszag of the Brookings Institution and Tax Policy Center argue that “sustained budget deficits reduce national saving and raise interest rates by economically and statistically significant quantities.”
منابع مشابه
Highlights 76A
We study the level and severity of asset poverty, the characteristics of asset-poor households, the trends and persistence of asset poverty, and the role of major lifetime events affecting transitions in and out of asset poverty. We find that, contrary to a sharp decline in the official measure of poverty, which is based on income, the asset poverty rate barely changed over the 1984–99 period a...
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Sodium saccharin (NaSac) fed as 5% of Prolab diet promotes bladder tumor carcinogenesis in male F344 rats initiated with N-[4-(5-nitro-2-furyl)-2-thiazolyl]formamide (FANFT) fed as 0.2% of the diet for 4 weeks. NaSac also increases urothelial proliferation if fed for short periods in Prolab diet, but no increased proliferation is seen if it is fed for up to 10 weeks in AIN-76A semisynthetic die...
متن کاملAcute pancreatitis: problems in adherence to guidelines.
Although evidence-based guidelines on managing acute pancreatitis are available, many physicians are not following them. The authors identify and discuss several problems in adherence to guidelines on testing, imaging, and treatment.
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تاریخ انتشار 2005