Fiscal Consolidation in America: The Policy Options

Rosanne Altshuler and Barry Bosworth

Departmental Working Papers from Rutgers University, Department of Economics

Abstract: This paper is focused on the options for reducing the U.S. fiscal deficit in the aftermath of the financial crisis. The first part of the paper is devoted to an assessment of the economic outlook and the impact of the financial crisis on the medium-term fiscal balance of the federal government. Is there a short-term trade-off between the need for further fiscal stimulus and deficit reduction and how should it be managed? The second part of the paper examines the options for fiscal consolidation on both the expenditure and revenue sides of the budget.

Keywords: budget; deficit; fiscal consolidation (search for similar items in EconPapers)
JEL-codes: H60 H61 H62 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2011-05-18
New Economics Papers: this item is included in nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:rut:rutres:201120

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