eBook - PDF
Restoring Sustainable Macroeconomic Policies in the United States
- 203 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
Restoring Sustainable Macroeconomic Policies in the United States
About this book
Slowing economic growth and debt fatigue continue to hamper fiscal policy in the United States. The question is whether there is an alternative path to the one projected in CBO long term forecasts, and if so, how citizens can choose this alternative path. The experiences of Germany, Sweden, and Switzerland reveal that an alternative path of sustainable debt is possible, and that citizens in a democratic society are capable of choosing that path. This book explores the potential impact of Swiss-style fiscal rules on the U.S. budget and the economy over the next three decades. The dynamic simulation analysis reveals that with these fiscal rules in place, it is possible for the U.S. to stabilize and reduce debt to sustainable levels over the forecast period. The government must preserve policy credibility by demonstrating a commitment to meet the challenges of economic shocks. The recent economic crises have provided a learning experience, and the rules-based macroeconomic framework required for this new era may differ significantly from that of the past. With new fiscal rules in place, the U.S. can restore long term economic growth. However, empirical analysis reveals how difficult this challenge will be, and why the U.S. is likely to continue to experience debt fatigue.
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Yes, you can access Restoring Sustainable Macroeconomic Policies in the United States by Barry W. Poulson,John Merrifield in PDF and/or ePUB format, as well as other popular books in Economics & Government & Business. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Cover
- Half Title
- Title Page
- Copyright Page
- Contents
- List of Figures and Tables
- Preface
- Acknowledgments
- Introduction
- Chapter 1: Debt Fatigue and Debt Sustainability in Historical Perspective
- Chapter 2: Understanding the U.S. Debt Crisis
- Chapter 3: Debt Fatigue in the United States as a Failure of Macroeconomic Policy
- Chapter 4: The Zombies Are Coming
- Chapter 5: A Look Back at the New Era of Fiscal Rules
- Chapter 6: Second-Generation Fiscal Rules for the United States
- Chapter 7: The Merrifield-Poulson Rules for Restoring a Great Moderation in Fiscal Policy
- Chapter 8: Institutional Reforms to Restore a āGreat Moderationā in Monetary and Fiscal Policy: The Friedman Solution
- Appendix A
- Appendix B
- Appendix C
- Index
- About the Authors