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Title:Fiscal consolidation in America: The policy options PDF Logo
Authors:Altshuler, Rosanne
Bosworth, Barry
Issue Date:2011
Series/Report no.:Working Papers, Department of Economics, Rutgers, the State University of New Jersey 2011,20
Abstract:This paper is focused on the options for reducing the U.S. fiscal deficit in the aftermath of the financial crisis. The first part of the paper is devoted to an assessment of the economic outlook and the impact of the financial crisis on the medium-term fiscal balance of the federal government. Is there a short-term trade-off between the need for further fiscal stimulus and deficit reduction and how should it be managed? The second part of the paper examines the options for fiscal consolidation on both the expenditure and revenue sides of the budget.
Subjects:budget
deficit
fiscal consolidation
JEL:H60
H61
H62
Document Type:Working Paper
Appears in Collections:Working Papers, Department of Economics, Rutgers University

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