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Generational accounts: a meaningful alternative to deficit accounting

Alan Auerbach, Jagadeesh Gokhale and Laurence Kotlikoff

No 9103, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: A presentation of a set of generational accounts that can be used as an alternative to the federal budget deficit in assessing intergenerational policy, concluding that the fiscal burdens on future generations will be significantly larger than those on existing generations if current tax policy remains unchanged.

Keywords: Deficit financing; Fiscal policy (search for similar items in EconPapers)
Date: 1991
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Citations: View citations in EconPapers (243)

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Chapter: Generational Accounts: A Meaningful Alternative to Deficit Accounting (1991) Downloads
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