Cargando…
Government Debt Iceberg.
Nobody who has even a passing acquaintance with economics could fail to realise that Western governments are highly indebted. Current generations have been consuming at the expense of future generations. However, just how indebted are we? The government measures how much it has borrowed to meet past...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
London Publishing Partnership,
2014.
|
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- The author; Foreword; Acknowledgement and note on sources; Summary; Tables and figures; _GoBack; Introduction; Why we need forward-looking measures of government finances; The inter-generational tensions; The extent of government indebtedness; The fiscal environment in Europe and the United States; Figure 1US federal debt as percentage of GDP; Figure 2EU gross debt as percentage of GDP; The fiscal background in the euro zone; Fiscal conditions in United Kingdom; Fiscal conditions in the United States; Population ageing in Europe and the United States.
- Figure 3Age dependency ratios in the EU, the UK and the USThe why and how of fiscal and generational imbalance calculations; Government off-balance-sheet borrowing; Understanding the inter-generational transfers; Figure 4Inter-generational transfers in pay-as-you-go systems; Can we afford pay-as-you-go programmes because our children will be richer?; Algebraic presentation of inter-generational accounting; Why calculate fiscal and generational imbalances?; How should fiscal imbalances be reported?; Fiscal policy under short-term and long-term fiscal metrics.
- Short-term fiscal metrics and the distortion of policyConstructing long-term fiscal and generational imbalance measures; Disaggregating the fiscal imbalance for the US; Current generations versus future generations: a stylised example; US public policy debates: caught in a prisoner's dilemma; US Congressional Budget Office's projections: 'baseline' versus 'alternative'; The generational implications of the CBO's ten-year budget projections: 2013-22; Table 1Potential changes to scheduled 'current law' fiscal policies.
- Table 2Ten-year generational accounts by selected age and gender: 2013-22 (present values of net taxes in 000s 2012 dollars)The long-term generational implications of baseline and alternative US fiscal paths; Table 3Lifetime generational accounts as of fiscal year 2013 by selected age and gender (present values of net taxes in 000s 2012 dollars); The US federal fiscal imbalance; Table 4The federal government's fiscal imbalance under baseline policies(beginning-of-fiscal-year present values in billions of constant 2012 dollars).
- Table 5The federal government's fiscal imbalance under alternative policies(beginning-of-fiscal-year present values in billions of constant 2012 dollars)Various methods of presenting the fiscal imbalance; Table 6The federal government's fiscal imbalance under baseline policies as a percentage of the present value of GDP (beginning-of-fiscal-year values); Table 7The federal government's fiscal imbalance under alternative policies as a percentage of the present value of GDP (beginning-of-fiscal-year values).