The Political Economy of the Budget Surplus in the United States
Bibliographic Data
| ID | 4029274 |
|---|---|
| Authors | Alberto Alesina (Harvard University, Cambridge, Massachusetts; National Bureau of Economic Research, Cambridge, Massachusetts; Center for Economic Policy Research, London, United Kingdom., corresponding author) |
| Year | 2000 |
| Volume | 14 |
| Issue | 3 |
| Pages | 3-20 |
| Publication date | 2000-08-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.14.3.3 |
| OpenAlex | W2154739053 |
| Language | EN |
| Citations received | 9 |
| References cited | 18 |
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
Balanced budget · Current account · Debt · Deficit spending · Economic policy · Economics · Exchange rate · Federal budget · Fiscal policy · Fiscal year · Macroeconomics · Monetary economics · Political science · Politics · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth · Law · Monetary Policy and Economic Impact · Finance
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Lietuvos Dešimtmetis Europos Sąjungoje
Large Changes in Fiscal Policy
Divided government and the bias against presidential restraint
Cyclical Asymmetry in State Fiscal Policy
Flypaper effect and partisanship theories best explain municipal financial performance in Latin America
The political economy of fiscal responsibility
Green budgeting in an age of austerity
Permanent budget surpluses as a fiscal regime
Partisan Politics, Divided Government, and the Economy
The Political Economy of Budget Deficits
Political and economic determinants of budget deficits in the industrial democracies
Why a Stubborn Conservative would Run a Deficit
Electoral Systems and Public Spending
The Political Economy of Fiscal Adjustments
Fiscal Expansions and Adjustments in OECD Countries
Optimal fiscal and monetary policy in an economy without capital
A Positive Theory of Fiscal Deficits and Government Debt
The Political Business Cycle
Electoral System and Public Spending
Are Government Bonds Net Wealth
On the Determination of the Public Debt
State Responses to Fiscal Crises
Divided Government, Fiscal Institutions, and Budget Deficits
| Citations per year | 0.56 |
|---|---|
| Citation span | 2010 - 2025 (16) |
| Highly cited | No |