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Journal of Economic Perspectives: Vol. 14 No. 3 (Summer 2000)
JEP Volume. 14, Issue 3 | 
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The Political Economy of the Budget Surplus in the United States
Article Citation
Alesina, Alberto. 2000. "The Political Economy of the Budget Surplus in the United States."
Journal of Economic Perspectives,
14(3): 3-19.
DOI: 10.1257/jep.14.3.3
DOI: 10.1257/jep.14.3.3
Abstract
Current surpluses in the U.S. have been achieved by a combination of a strong economy, low interest rates, and sharp cuts in defense spending. These surpluses follow a period (the 1980s) of rather exceptional budget deficit. This paper investigates the origin, size, and expected future patterns of the U.S. budget balance. It discusses how different political forces may generate alternative fiscal scenarios for the U.S. in the next decade.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Alesina, Alberto (Harvard U, NBER, and CEPR)
JEL Classifications
E62: Fiscal Policy
H61: National Budget; Budget Systems
P16: Capitalist Systems: Political Economy
H61: National Budget; Budget Systems
P16: Capitalist Systems: Political Economy
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