Macroeconomic and Budgetary Effects of an Illustrative Policy for Reducing the Federal Budget Deficit

Macroeconomic and Budgetary Effects of an Illustrative Policy for Reducing the Federal Budget Deficit

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... for goods and services, the reduction in federal spending or increases in taxes that would produce smaller deficits would ... on output of changes in federal spending and taxes and about the effects on national saving and investment of changes ... Even so, the macroeconomic impact of a reduction in primary budget deficits of $2.0 trillion could lie outside the range of ... the illustrative policy would decrease real (inflation-adjusted) gross national product (GNP) in 2012, 2013, and 2014anbsp;...


Title:Macroeconomic and Budgetary Effects of an Illustrative Policy for Reducing the Federal Budget Deficit
Author: Douglas W. Elmendorf
Publisher:DIANE Publishing - 2012-10-19
ISBN-13:

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