US budget deficit

Budget Deficit Mythology

Speculations About the Speculation _ David t Beers / itt t^ r\ 11

Optimal Budget Deficit Rules

This paper discusses the problem of the optimal determination of budget deficit limits in cases where the fiscal authority wishes to keep the budget deficit close to a reference value. It is assumed that the fiscal authority minimizes the expected discounted value of squared deviations from the reference value. Lump-sum and proportional intervention costs are considered. This paper is also an e...

Policy Punctuations : US Budget

Public Goods and Budget Deficit

We examine incentive-compatible mechanisms for fair financing and efficient selection of a public budget (or public good). A mechanism selects the level of the public budget and imposes taxes on individuals. Individuals’ preferences are quasilinear. Fairness is expressed as weak monotonicity (called scale monotonicity) of the tax imposed on an individual as a function of his benefit from an inc...

Budget Deficit Sustainability of Bangladesh

Article History Received: 7 March 2017 Revised: 23 May 2017 Accepted: 14 June 2017 Published: 4 July 2017