IDEAS home Printed from https://ideas.repec.org/a/bla/coecpo/v5y1987i2p44-56.html
   My bibliography  Save this article

Fiscal Policy Tied To The Mast: What Has Gramm‐Rudman Wrought?

Author

Listed:
  • STEVEN M. SHEFFRIN

Abstract

Gramm‐Rudman was an historic attempt to apply rules of self‐restraint to the fiscal process. This paper analyzes the logic of the Gramm‐Rudman approach from economic, legal, and budgetary perspectives. Although the U.S. Supreme Court ruled that the law was unconstitutional, Gramm‐Rudman did aid in deficit reduction. The features that led to its success were its careful design and construction, which could not he duplicated by a constitutional amendment.

Suggested Citation

  • Steven M. Sheffrin, 1987. "Fiscal Policy Tied To The Mast: What Has Gramm‐Rudman Wrought?," Contemporary Economic Policy, Western Economic Association International, vol. 5(2), pages 44-56, April.
    • Handle: RePEc:bla:coecpo:v:5:y:1987:i:2:p:44-56
    DOI: 10.1111/j.1465-7287.1987.tb00255.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1465-7287.1987.tb00255.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1465-7287.1987.tb00255.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Eric A. Hanushek, 1986. "Formula budgeting: The economics and analytics of fiscal policy under rules," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 6(1), pages 1-19.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Salvatore Vassallo, 1998. "Le basi politico-istituzionali del rigore finanziario," Stato e mercato, Società editrice il Mulino, issue 3, pages 433-468.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:coecpo:v:5:y:1987:i:2:p:44-56. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/weaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.