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Journal Article
The federal government's budget surplus: Cause for celebration?
Hafer, Rik; Dwyer, Gerald P. (1998-07-03)
Projected surpluses in the federal government's budget have generated fanfare sometimes verging on euphoria. Because the federal government last had a surplus in 1969, a projected surplus for fiscal year 1998 and later years is being viewed as something of a milestone. Unlike policies of the last three decades that have at least paid lip service to lowering the deficit, policy options now may include ways to use the surplus. Some have called for lowering taxes and others for increasing expenditures or retiring federal government debt. ; This article discusses the importance of going beyond ...
Economic Review , Volume 83 , Issue Q 3 , Pages 42-51

Working Paper
Inflation and government budget constraint in Korea
Seo, Byung Han (1996)
The new classical theory of inflation implies that the choice between financing a given path of public spending through debt or tax (seigniorage) finance has no substantial effect on inflation. This paper tests this hypothesis for Korea by estimating a reduced-form relation between inflation, the monetary base, and central bank debt. The empirical evidence suggests that central bank debt carrying information on the expected future path of monetary policy has additional explanatory power for inflation, even after accounting for the effects of the monetary base. It also confirms the ...
Pacific Basin Working Paper Series , Paper 96-03

Speech
Long-term fiscal challenges facing the United States: testimony before the Committee on the Budget, U.S. Senate, January 18, 2007
Bernanke, Ben S. (2007)
Speech , Paper 255

Journal Article
The federal budget in the 1970's
anonymous (1978-09)
Federal Reserve Bulletin , Issue Sep

Journal Article
Statement to Congress, January 10, 1995(issues involved in producing the budget of the U.S. government)
Greenspan, Alan (1995-03)
Federal Reserve Bulletin , Issue Mar

Journal Article
A program of budget restraint
Carlson, Keith M. (1969-03)
Review , Volume 51 , Issue Mar

Journal Article
Budget surpluses, spending and taxes should be considered together
anonymous (1998-10)
Economics Update , Issue Oct , Pages 4

Journal Article
Formation of fiscal policy: the experience of the past twenty-five years
Auerbach, Alan J. (2000-04)
Economic Policy Review , Issue Apr , Pages 9-23

Working Paper
Budget constraints and time-series evidence on consumption: comment
Roberds, William (1992)
FRB Atlanta Working Paper , Paper 92-14

Journal Article
Budgets and borrowing
McElhattan, Rose (1980)
FRBSF Economic Letter

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