IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

How Much Red Ink?

  • James L. Chan
  • Yunxiao Xu
Registered author(s):

    Under the influence of economics, fiscal policy and government budgets focus on projected cash deficits and bonds issued to finance them. While these numbers are certainly necessary, they overlook the delayed costs of policy decisions and actions. Therefore they should be complemented by actual cash deficit, actual accrual deficit and total liability numbers. Data from the consolidated financial statements of the U.S. Government during the past decade are used to show how much a difference the lapse of time and the accrual method made to the common measures of perceived fiscal realities. It is argued that accrual accounting numbers unveil the severity and important aspects of the fiscal problems facing the United States.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://www.world-economics-journal.com/Contents/ArticleOverview.aspx?ID=507
    Download Restriction: no

    Article provided by World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE in its journal World Economics Journal.

    Volume (Year): 13 (2012)
    Issue (Month): 1 (January)
    Pages: 65-74

    as
    in new window

    Handle: RePEc:wej:wldecn:507
    Contact details of provider:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:wej:wldecn:507. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ed Jones)

    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 references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.