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来源类型Book
规范类型其他
Public Claims on U.S. Output: Federal Budget Options in the Last Half of the Seventies
Rudolph Penner; David J. Ott; David M. O’Neill; Attiat Ott
发表日期1973-07-31
出版者American Enterprise Institute
出版年1973
语种英语
摘要Click here to view the full text as an Adobe PDF. Public Claims on U.S. Output: Federal Budget Options in the Last Half of the Seventies by David J. Ott, Lawrence J. Korb, Thomas Gale Moore, Dave M. O’Neill, Attiat F. Ott, Rudolph G. Penner, and Thomas Vasquez finds that the 1974 federal budget program, if implemented, meets the administration’s stated goal of a virtual balance between expenditures and “full employment” receipts in calendar year 1975 and would provide surpluses thereafter, rising from $9 billion in 19976 to $57 billion in 1980. On the other hand, the appropriate full employment surplus (or deficit) is not clear. Uncertainty about the rate of private savings and future surpluses in the overall accounts of the state and local sector makes it difficult to estimate the appropriate budget posture to bring about any target rate of unemployment with fiscal policy. Uncertainty about the perceived benefits from federal spending and the effect of the federal tax system on private savings clouds any estimate of the proper fiscal stance for purposes of resource allocation while monetary policy assumes the burden of stabilization policy. This volume, the second report from the AEI Long Range Budget Projection Project, also considers program issues within each major area of the budget. The authors examine the rationale for existing programs and develop, in varying degrees of detail, the costs of other alternatives, asking such questions as: How well are existing programs in defense, agriculture, scinece, technology and industry, housing, education, manpower, health, and income security meeting their stated goals? What viable options exist to present (or proposed) programs, including curtailments or terminations?
主题Economics
标签AEI Press ; employment ; Federal budget
URLhttps://www.aei.org/research-products/book/public-claims-on-u-s-output-federal-budget-options-in-the-last-half-of-the-seventies/
来源智库American Enterprise Institute (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/207505
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Rudolph Penner,David J. Ott,David M. O’Neill,et al. Public Claims on U.S. Output: Federal Budget Options in the Last Half of the Seventies. 1973.
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