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Restoring Sustainable Macroeconomic Policies in the United States.
・ISBN 978-1-6669-1660-7 2022 hard GB£ 85.00
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・ISBN 978-1-6669-1662-1 2024 paper GB£ 31.99
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版元の原価改定、外国為替の変動等により異なる場合がございますので、予めご了承下さい。
お気に入り
★★★
電子版あり 大学・学術機関向け電子ブック(eBook)ISBN 978-1-6669-1661-4
| 著者・編者 | Poulson, Barry W. / Merrifield, John, |
|---|---|
| 出版社 | (Lexington Books, US) |
| 出版年月 | 2022.08 |
| ページ数 | 202 pp. |
| 言語 | ENG |
| ニュース番号 | <695-304> |
解説
Slowing economic growth and debt fatigue continue to hamper fiscal policy in the United States. The question is whether there is an alternative path to the one projected in CBO long term forecasts, and if so, how citizens can choose this alternative path. The experiences of Germany, Sweden, and Switzerland reveal that an alternative path of sustainable debt is possible, and that citizens in a democratic society are capable of choosing that path. This book explores the potential impact of Swiss-style fiscal rules on the U.S. budget and the economy over the next three decades. The dynamic simulation analysis reveals that with these fiscal rules in place, it is possible for the U.S. to stabilize and reduce debt to sustainable levels over the forecast period. The government must preserve policy credibility by demonstrating a commitment to meet the challenges of economic shocks. The recent economic crises have provided a learning experience, and the rules-based macroeconomic framework required for this new era may differ significantly from that of the past. With new fiscal rules in place, the U.S. can restore long term economic growth. However, empirical analysis reveals how difficult this challenge will be, and why the U.S. is likely to continue to experience debt fatigue.