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U.S. Fiscal Policies and Priorities for Long-Run Sustainability

Author

Listed:
  • Mr. Martin Mühleisen
  • Mr. Christopher M Towe

Abstract

This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the government’s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting pressures on public retirement and health care systems during the next decade. The study draws principally from back ground papers that were prepared for the IMF staff’s annual consultation discussions with the U.S.authorities in 2002 and 2003.

Suggested Citation

  • Mr. Martin Mühleisen & Mr. Christopher M Towe, 2004. "U.S. Fiscal Policies and Priorities for Long-Run Sustainability," IMF Occasional Papers 2004/001, International Monetary Fund.
    • Handle: RePEc:imf:imfops:2004/001
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16900
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    Citations

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    Cited by:

    1. Simone Salotti & Carmine Trecroci, 2012. "Even worse than you thought: The effects of government debt on investment and productivity," EcoMod2012 4200, EcoMod.
    2. Edwin M. Truman, 2005. "Budget and external deficits: not twins but the same family," Proceedings, Federal Reserve Bank of San Francisco, issue Feb.
    3. David Gruen & Jason Harris, 2004. "Might the United States continue to run large current account deficits?," Economic Roundup, The Treasury, Australian Government, issue 2, pages 45-54, August.
    4. Simone Salotti & Carmine Trecroci, 2016. "The Impact of Government Debt, Expenditure and Taxes on Aggregate Investment and Productivity Growth," Economica, London School of Economics and Political Science, vol. 83(330), pages 356-384, April.
    5. Bandyopadhyay, Gopal & Bagheri, Fathollah & Mann, Michael, 2007. "Reduction of fossil fuel emissions in the USA: A holistic approach towards policy formulation," Energy Policy, Elsevier, vol. 35(2), pages 950-965, February.
    6. Michael D. Evans & Trevor Chamberlain, 2014. "Measuring the Effects of Monetary and Fiscal Policy Changes on the U.S. Economy (1982-2012)," Review of Economics & Finance, Better Advances Press, Canada, vol. 4, pages 1-14, May.
    7. Lei Lei Song & John Freebairn, 2004. "ow Big Was the Effect of Budget Consolidation on the Australian Economy in the 1990s?," Melbourne Institute Working Paper Series wp2004n30, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    8. Jong-Wha Lee & Warwick J. Mc Kibbin & Yung Chul Park, 2004. "Les déséquilibres transpacifiques vus d’Asie de l’Est," Revue d'Économie Financière, Programme National Persée, vol. 77(4), pages 81-109.
    9. Simone Salotti & Carmine Trecroci, 2012. "Even Worse than You thought: The Impact of Public Debt on Aggregate Investment and Productivity," DEGIT Conference Papers c017_020, DEGIT, Dynamics, Economic Growth, and International Trade.
    10. Hideaki Tanaka, 2005. "Fiscal Rules and Targets and Public Expenditure Management: Enthusiasm in the 1990's and its Aftermath," Asia Pacific Economic Papers 346, Australia-Japan Research Centre, Crawford School of Public Policy, The Australian National University.

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