Gateway to Think Tanks
来源类型 | Research Report |
规范类型 | 报告 |
Catastrophic Budget Failure | |
Leonard E. Burman; Katherine Lim; Jeffrey Rohaly; Joseph Rosenberg | |
发表日期 | 2010-09-01 |
出版年 | 2010 |
语种 | 英语 |
概述 | Continuation of current U.S. fiscal policy will lead to an enormous accumulation of debt with potentially disastrous economic consequences. Exacerbated by the recent economic turmoil and fueled by the willingness of creditors to lend at very low interest rates, there is signifi cant risk that necessary fi scal reform will be put off. In this paper, we consider the causes, mechanisms, and macroeconomic fallout of |
摘要 | Continuation of current U.S. fiscal policy will lead to an enormous accumulation of debt with potentially disastrous economic consequences. Exacerbated by the recent economic turmoil and fueled by the willingness of creditors to lend at very low interest rates, there is signifi cant risk that necessary fi scal reform will be put off. In this paper, we consider the causes, mechanisms, and macroeconomic fallout of a catastrophic budget failure a situation in which markets perception of the credit worthiness of the U.S. government rapidly deteriorates, leaving it unable to access credit markets at any reasonable rate of interest and generating a high probability of the previously unthinkable: the U.S. government defaulting on its debt obligations.
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主题 | Taxes and Budget |
URL | https://www.urban.org/research/publication/catastrophic-budget-failure |
来源智库 | Urban Institute (United States) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/477116 |
推荐引用方式 GB/T 7714 | Leonard E. Burman,Katherine Lim,Jeffrey Rohaly,et al. Catastrophic Budget Failure. 2010. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
1001564-Catastrophic(560KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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