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Generational Accounting: A New Approach to Understanding the Effects of Fiscal Policy on Saving Author info | Abstract | Publisher info | Download info | Related research | Statistics Auerbach, Alan J
Gokhale, Jagadeesh
Kotlikoff, Laurence J
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An alternative to deficit accounting is proposed for understanding the government's treatment of current and future generations. The alternative, called generational accounting, is based on the government's intertemporal budget constraint. Generational accounting is used to describe the redistributive and saving impacts of four alternative policies. The findings indicate that the fiscal deficit is thoroughly unreliable as a measure of either generational policy or the policy-induced stimulus to aggregate demand. The findings also suggest that fiscal policies that redistribute across generations can have important effects on national saving rates. Copyright 1992 by The editors of the Scandinavian Journal of Economics.
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Article provided by Blackwell Publishing in its journal Scandinavian Journal of Economics .
Volume (Year): 94 (1992)
Issue (Month): 2 ()
Pages: 303-18
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Handle: RePEc:bla:scandj:v:94:y:1992:i:2:p:303-18Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0347-0520
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Summers, Lawrence H, 1981.
"Capital Taxation and Accumulation in a Life Cycle Growth Model ,"
American Economic Review ,
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Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1991.
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Kotlikoff, Laurence J, 1984.
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Alan Auerbach & Bruce Baker & Laurence Kotlikoff & Jan Walliser, 1997.
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Gemma Abío & Eduard Berenguer & Holger Bonin & Joan Gil & Concepció Patxot, .
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Bonin, Holger & Abio, Gemma & Berenguer, Eduardo & Gil, Joan & Patxot, Concepció, 2001.
"Is the Deficit under Control?A Generational Accounting Perspective on Fiscal Policy and Labour Market Trends in Spain ,"
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9206, Federal Reserve Bank of Cleveland.
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Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1991.
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Willem H. Buiter, 1996.
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Buiter, Willem H, 1997.
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[Downloadable!] (restricted) Bonin, Holger, 2001.
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