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...

Description complète

Détails bibliographiques
Auteur principal: Gruss, Bertrand
Autres auteurs: Torres, Jose L.
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2012.
Collection:IMF Working Papers; Working Paper ; No. 2012/038
Accès en ligne:Full text available on IMF