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Journal Article
Statement to Congress, March 4, 1998, (outlook for the economy and budgetary surplus)

Federal Reserve Bulletin , Issue May

Journal Article
Federal receipts and expenditures for fiscal year 1951

Federal Reserve Bulletin , Issue Feb

Journal Article
The 1972 national economic plan: an experiment in fiscal activism

Review , Volume 54 , Issue Mar , Pages 3-10

Journal Article
The state of the state and local government sector: fiscal issues in the Seventh District

This article reviews the state and local budget situation, particularly in the states of the Seventh Federal Reserve Districts (Illinois, Indiana, Iowa, Michigan, and Wisconsin). These states have pursued different fiscal policies over the last decade and have relied on different tax structures to pay for government, yet all are facing significant budget shortfalls.
Economic Perspectives , Volume 28 , Issue Q I , Pages 2-17

How little we know about budget policy effects

Using a simple model, we show why previous empirical studies of budget policy effects are flawed. Due to an identification problem, those studies? findings can be shown to be consistent with either policies mattering or not.
Staff Report , Paper 120

Journal Article
The recession's impact on the state budgets of New York and New Jersey

In the wake of the most recent U.S. recession, both New York State and New Jersey have faced multibillion-dollar budget gaps. An analysis of the makeup of their budgets reveals that the states' heavy reliance on personal income taxes--particularly from high-wage earners in the finance sector--has exacerbated revenue shortfalls. To close their budget gaps, New York and New Jersey have had to make difficult choices about tax increases and service cuts. In the future, the states might take steps to avert such budget quandaries by establishing "rainy day" funds or restructuring taxes to make ...
Current Issues in Economics and Finance , Volume 16 , Issue Jun/Jul

Journal Article
Legislative update : Virginia budget brings fiscal fitness but not reform

Econ Focus , Volume 8 , Issue Sum , Pages 35

Journal Article
The benchmark U.S. Treasury market: recent performance and possible alternatives - commentary

Economic Policy Review , Issue Apr , Pages 147-148

Discussion Paper
Fiscal and generational imbalances: new budget measures for new budget priorities

This paper describes the deficiencies of the measures used to calculate the federal budget, make revenue and spending projections, and assess the sustainability of current fiscal policies. The nature of the deficiencies hides the tremendous impact that Social Security and Medicare commitments will have on the budget in the future, given the way the programs are structured currently and the momentous demographic shift underway as the baby boom generation approaches retirement age. This paper proposes two new simple measures that will enable government officials and the public to calculate more ...
Policy Discussion Papers , Issue Dec

Journal Article
What fiscal surplus?

Proposals to shore up Social Security using future budget surpluses neglect to mention that Social Security itself produces these surpluses. Moreover, the projected budget surplus is dwarfed by Social Security's present shortfall of $7 trillion-$10 trillion, which consists of the benefits that living adults will receive minus their payroll tax payments. This shortfall represents an addition to living adults' wealth that has encouraged greater current consumption, lowered national saving, and widened trade deficits.
Economic Commentary , Issue Sep



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anonymous 16 items

Greenspan, Alan 12 items

Carlson, Keith M. 11 items

Runyon, Herbert 8 items

Mattoon, Richard H. 5 items

Gokhale, Jagadeesh 4 items

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Budget 123 items

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