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Generational policy

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How generational policy affects the sustainability of a government's fiscal policy.In these eight 2002 Cairoli Lectures, presented at the Universidad Torcuato di Tella in Buenos Aires, Argentina, Laurence Kotlikoff shows how generational policy works, how it is measured, and how much it matters. Kotlikoff discusses the incidence and measurement of generational policy, the relationship of generational policy to monetary policy, and the vacuity of deficits, taxes, and transfer payments as economic measures of fiscal policy. Kotlikoff also illustrates generational policy's general equilibrium effects with a dynamic life-cycle simulation model and reviews the empirical evidence testing intergenerational altruism and risk sharing. The lectures were delivered as Argentina faced a devastating depression triggered, in large part, by unsustainable generational policy. Throughout the book, Kotlikoff connects his messages about generational policy to the Argentine situation and the Argentine government's policy mistakes.OCLC-licensed vendor bibliographic record.

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Detail Information

Series Title

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Call Number

330 KOT g

Publisher

Cambridge, Mass. : : MIT Press,., 2003.

Collation

1 online resource (xiv, 128 pages).

Language

English

ISBN/ISSN

9780262277532

Classification

330

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

Economic policy.
Argentina

Specific Detail Info

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Statement of Responsibility

Laurence J. Kotlikoff.

Other Information

Cataloger

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Source

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Validator

maya

Digital Object Identifier (DOI)

https://doi.org/10.7551/mitpress/3223.001.0001

Journal Volume

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Journal Issue

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Subtitle

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Parallel Title

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