Macroeconomic and Welfare Costs of U.S. Fiscal Imbalances /

In this paper we use a general equilibrium model with heterogeneous agents to assess the macroeconomic and welfare consequences in the United States of alternative fiscal policies over the medium-term. We find that failing to address the fiscal imbalances associated with current federal fiscal polic...

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Hlavní autor: Gruss, Bertrand
Další autoři: Torres, Jose L.
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2012.
Edice:IMF Working Papers; Working Paper ; No. 2012/038
On-line přístup:Full text available on IMF