Fiscal Policy In The U. S. : Automatic Stabilizers, Discretionary Fiscal Policy Actions, And The Economy

Author: Glenn Follette
Publisher: DIANE Publishing
Keywords: fiscal, policy, actions, economy, stabilizers, automatic, discretionary
Number of Pages: 40
Published: 2011-04
ISBN-10: 1437939880
ISBN-13: 9781437939880

Book Description:

Examines the effects of the economy on the govżt. budget as well as the effects of the budget on the economy. Provides measures of the effects of automatic stabilizers on budget outcomes at the fed., state and local levels. At the fed. level, the deficit increases about 0.35% of GDP for each 1 percentage point deviation of actual GDP relative to potential GDP. For state and local govżt., the deficit increases by 0.1% of GDP. Examines the response of the economy to the automatic stabilizers by comparing the response to aggregate demand shocks. The authors find that federal policy actions are somewhat counter-cyclical while state and local policy actions have been somewhat pro-cyclical. Illustrations. This is a print on demand publication.

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