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Generational accounts: a new approach to fiscal policy evaluation

Author

Listed:
  • Alan J. Auerbach
  • Jagadeesh Gokhale
  • Laurence J. Kotlikoff

Abstract

A discussion of why budget deficits are inadequate measures of the long-run effect of fiscal policy on intergenerational redistributi- on, and an assertion that policy evaluation would be better served by looking at generational accounts.

Suggested Citation

  • Alan J. Auerbach & Jagadeesh Gokhale & Laurence J. Kotlikoff, 1991. "Generational accounts: a new approach to fiscal policy evaluation," Economic Commentary, Federal Reserve Bank of Cleveland, issue Nov.
  • Handle: RePEc:fip:fedcec:y:1991:i:nov15
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    Citations

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    Cited by:

    1. Harold M. Somers, 1992. "Deficits and Interest Rates," UCLA Economics Working Papers 645, UCLA Department of Economics.
    2. Uhlig, H.F.H.V.S. & Yanagawa, N., 1994. "Increasing the Capital Income Tax Leads to Faster Growth," Other publications TiSEM e758dab5-3682-4351-b0e0-0, Tilburg University, School of Economics and Management.

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    Keywords

    Fiscal policy;

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