Title Generational policy / Laurence J. Kotlikoff

Published Cambridge, Mass. : MIT Press, 2003

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Description 1 online resource (xiv, 128 pages) Series Cairoli lecture series Cairoli lecture series. Contents I. Introduction -- II. The Incidence of Generational Policy -- III. Illustrating Generational Policy -- IV. Deficit Delusion and the Arbitrary Nature of Fiscal Labels -- V. Generational Accounting -- VI. Simulating Generational Policy -- VII. Ricardian Equivalence -- VIII. The Government's Role in Intergenerational Risk Sharing -- IX. Conclusion Summary How generational policy affects the sustainability of a government's fiscal policy. In these eight 2002 Cairoli Lectures, presented at the Universidad Torcuato di Tella in Buenos Aires, Argentina, Laurence Kotlikoff shows how generational policy works, how it is measured, and how much it matters. Kotlikoff discusses the incidence and measurement of generational policy, the relationship of generational policy to monetary policy, and the vacuity of deficits, taxes, and transfer payments as economic measures of fiscal policy. Kotlikoff also illustrates generational policy's general equilibrium effects with a dynamic life-cycle simulation model and reviews the empirical evidence testing intergenerational altruism and risk sharing. The lectures were delivered as Argentina faced a devastating depression triggered, in large part, by unsustainable generational policy. Throughout the book, Kotlikoff connects his messages about generational policy to the Argentine situation and the Argentine government's policy mistakes Analysis ECONOMICS/Macroeconomics SOCIAL SCIENCES/Political Science/Public Policy & Law Bibliography Includes bibliographical references and index Notes English Print version record Subject Economic policy. POLITICAL SCIENCE -- Economic Conditions. BUSINESS & ECONOMICS -- Economics -- Macroeconomics. Economic history Economic policy Intergenerationentransfer Krise Politik Soziale Wohlfahrt Wirtschaftspolitik Leeftijdsgroepen. Belastingpolitiek. Economische politiek. Politique economique. Geschichte 1990-2003. SUBJECT Argentina -- Economic conditions -- 1983- http://id.loc.gov/authorities/subjects/sh85007029 Argentina -- Economic policy Subject Argentina Argentinien Argentine -- Politique economique -- 1983- ... Argentine -- Conditions economiques -- 1983-2001. Argentine -- Conditions economiques -- 2001- ... Form Electronic book ISBN 9780262277532 0262277530 0262263378 9780262263375 1423725220 9781423725220 0262112833 9780262112833

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