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Journal Article
Generational accounts: a new approach to fiscal policy evaluation
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.
Journal Article
The 1995 budget and health care reform: a generational perspective
A presentation of the baseline generational accounts for 1992, estimating both the effect of the Omnibus Budget Reconciliation Act of 1993 and the further impact of the Clinton administration's health reform proposal.
Conference Paper
Tax policy and corporate borrowing
Conference Paper
The case for open-market purchases in a liquidity trap
Working Paper
Social security and Medicare policy from the perspective of generational accounting
An application of the generational accounting method of fiscal policy analysis to projected spending paths for Social Security and Medicare suggesting that, under realistic assumptions for these programs, future generations as well as current young Americans could bear a significantly larger share of the burden of government spending than previously thought.
Journal Article
Restoring generational balance in U.S. fiscal policy: what will it take?
A study of the magnitudes of tax increases, transfer cuts, or reductions in government purchases that would be needed to rectify the huge imbalance in the generational stance of U.S. fiscal policy, concluding that congressionally proposed outlay reductions in nondefense and non-Social Security spending would still be insufficient to bridge the gap.
Conference Paper
Estimating the effects of fiscal policy in OECD countries - comments
Conference Paper
Is there a role for discretionary fiscal policy?
Conference Paper
Investment policies to promote growth
Working Paper
Simulating U.S. tax reform
A presentation of a large-scale, dynamic simulation model for comparing the equity, efficiency, and macroeconomic effects of five alternatives to the current U.S. federal income tax: a proportional income tax, a proportional consumption tax, a flat tax, a flat tax with transition relief, and a progressive variant of the flat tax called the "X tax."