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Generational policy
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ISBN: 0262277530 1423725220 0262263378 9780262277532 9780262263375 9781423725220 0262112833 9780262112833 Year: 2003 Publisher: Cambridge (Mass.): MIT press

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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.

The national balance sheet of the United States, 1953-1980
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ISBN: 0226301524 1336022639 0226301575 9780226301570 9780226301525 Year: 1982 Publisher: Chicago University of Chicago Press

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In what constitutes a landmark in the field of national accounts, Raymond W. Goldsmith gives detailed estimates of the nation's assets and liabilities year by year from 1953 through 1975 and for the benchmark years of 1900, 1929, and 1980. Special features of this work include presentation of data sector by sector, which casts light on the changing roles of financial institutions, and Goldsmith's expression of data in the form of ratios rather than in absolute dollar values, a device that makes the material both more informative and easier to absorb. The most comprehensive and extensive study of national wealth ever attempted, The National Balance Sheet will be a rich resource for researchers and users of national accounts.

Comparative national balance sheets : a study of twenty countries, 1688-1978
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ISBN: 0226301532 9780226301532 Year: 1985 Publisher: Chicago (Ill.): University of Chicago press

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