Suchergebnisse

ABSTRACTThis study examines the relationship between the U.S. government deficit on a unified budget basis and the various available sources of financing. It identifies those sources of financing other than private domestic capital markets that are available, and develops measures of the financing responses of both domestic and foreign monetary authorities to the continuing U.S. budget deficits of the past fifteen years.

"July 1983." ; Includes bibliographical references. ; Final report. ; Performed by John F. Kennedy School of Government, Harvard University. ; Mode of access: Internet.

Examines the era of large government deficits, brief period of surpluses, and return to deficit financing, defining the policy process as institutional transactions between executive, legislative, and bureaucratic branches and government and response of voters as they relate to government provision of public goods; US and European Union; 3 articles. Contents: The ideological roots of deficit reduction policy, by Andrew J. Taylor; The success of the 1993 budget reconciliation bill at reducing the federal budget deficit, by Patrick Fisher; Meeting the Maastricht targets, by Karl H. Kahrs.

"Part I is entitled The Economic and budget outlook: Fiscal years 1989-1993"--Pref. ; "March 1988"--Cover. ; "A report to the Senate and House Committees on the Budget--part II, as required by Public Law 93-344"--Cover. ; Mode of access: Internet.

This report provides an overview of the U.S. balance of payments, an explanation of the broader role of capital flows in the U.S. economy, an explanation of how the country finances its trade deficit or a trade surplus, and the implications for Congress and the country of the large inflows of capital from abroad.

This report provides an overview of the U.S. balance of payments, an explanation of the broader role of capital flows in the U.S. economy, an explanation of how the country finances its trade deficit or a trade surplus, and the implications for Congress and the country of the large inflows of capital from abroad.

Percentage of the U.S. government debt held by government bodies, banks, foreigners, and others.

Argues that if the US tackles its fiscal deficit in the next four years, a large amount of money would be removed from the global economy. The implications of any Bush administration efforts to fix the US economic ledger for the rest of the world are contemplated. In Europe, political harmony & economic cooperation would suffer, economic growth might be arrested by central bank threats of interest rate hikes, & the transatlantic relationship might see some strain. Japan fears most a drop in the US deficits, with a real political crisis likely should Bush realize his claim of cutting the deficit in half. Japan is unable to match such a scenario with any kind of expansion of its own & politicians are likely to counter it with a monetary policy that while maintaining export-led growth will reverberate dissonantly across Asia. Japanese structural reforms are one way to rebalance global growth. It is then argued that China's reaction to US deficit cutting would be the largest & most unpredictable. Potentially, slowed economic growth & deepening financial troubles could ensue. While an unchecked US fiscal deficit is a dangerous phenomenon, success in shrinking that deficit carries a political price for the world.