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Taxes and Spending Under Gramm-Rudman-Hollings

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  • Reischauer, Robert D.

Abstract

Discusses the three key elements of Gramm-Rudman-Hollings (GRH) that were expected to affect budgeting. Concludes that while many people regard the GRH law as a failure, it is not clear that any other process could have achieved it's modicum of success.

Suggested Citation

  • Reischauer, Robert D., 1990. "Taxes and Spending Under Gramm-Rudman-Hollings," National Tax Journal, National Tax Association;National Tax Journal, vol. 43(3), pages 223-232, September.
    • Handle: RePEc:ntj:journl:v:43:y:1990:i:3:p:223-32
    DOI: 10.1086/NTJ41788842
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    Cited by:

    1. Alan J. Auerbach, 1994. "The US Fiscal Problem: Where We Are, How We Got Here, and Where We're Going," NBER Chapters, in: NBER Macroeconomics Annual 1994, Volume 9, pages 141-186, National Bureau of Economic Research, Inc.
    2. Alan J. Auerbach, 1995. "Solutions for developed economies," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 227-244.
    3. Zidong An & Joao Tovar Jalles, 2020. "On the performance of US fiscal forecasts: government vs. private information," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 48(2), pages 367-391, June.
    4. Salvatore Vassallo, 1998. "Le basi politico-istituzionali del rigore finanziario," Stato e mercato, Società editrice il Mulino, issue 3, pages 433-468.
    5. Gebhard Kirchgassner, 2002. "The effects of fiscal institutions on public finance: a survey of the empirical evidence," Chapters, in: Stanley L. Winer & Hirofumi Shibata (ed.), Political Economy and Public Finance, chapter 9, Edward Elgar Publishing.
    6. Douglas W. Elmendorf, "undated". "The Effect of Deficit-Reduction Laws on Real Interest Rates," Finance and Economics Discussion Series 1996-44, Board of Governors of the Federal Reserve System (U.S.), revised 10 Dec 2019.
    7. Glenn Follette & Byron F. Lutz, 2012. "Fiscal rules, what does the American experience tell us?," Finance and Economics Discussion Series 2012-38, Board of Governors of the Federal Reserve System (U.S.).
    8. Jonathan Millar, 1997. "The Effects of Budget Rules on Fiscal Performance and Macroeconomic Stabilization," Staff Working Papers 97-15, Bank of Canada.

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