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OverviewFull Product DetailsAuthor: John Merrifield , Barry W. PoulsonPublisher: Lexington Books Imprint: Lexington Books Dimensions: Width: 15.80cm , Height: 2.10cm , Length: 24.00cm Weight: 0.490kg ISBN: 9781498518093ISBN 10: 1498518095 Pages: 208 Publication Date: 01 March 2016 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of ContentsChapter 1 A New Era of Fiscal Rules Chapter 2 Economic Analysis of Fiscal Rules Chapter 3 Case Studies: Fiscal Rules in Switzerland and Sweden Chapter 4 Fiscal Rules in the U.S. Chapter 5 Should the U.S. Go Swiss? Chapter 6 Designing a New Fiscal Rule for the U.S. Chapter 7 Toward a New Budget Process Chapter 8 The Political Economy of New Fiscal RulesReviewsEconomists Merrifield and Poulson propose adopting fiscal rules constraining growth in the federal debt. They review such rules in several OECD countries, giving particular attention to Sweden and Switzerland, which have brought austerity to their governments. The authors discuss several legislative efforts-debt ceiling, the 1974 Congressional Budget and Impoundment Control Act, the 1985 Gramm-Rudman-Hollings Balanced Budget Act, the 1990 Budget Enforcement Act, etc.-to add constraints to US finances. They propose a constitutional amendment allowing deficits in recessions to be offset by surpluses during economic expansions. The result, they say, would be a debt-to-GDP ratio declining to more comfortable levels... Summing Up: Recommended. Graduate students and faculty. CHOICE Can we learn which policies promise the most sustainable path to fiscal responsibility by examining how OEDC countries responded to the debt build up during and after the great recession? Merrifield and Poulson consider this question in their interesting and insightful book, Can the Debt Growth be Stopped. -- Dwight R. Lee, Southern Methodist University Merrifield and Poulson offer substantial insight into the reasons why countries find themselves with excessive deficits and debt. By examining the successful debt control measures in Switzerland and Sweden, they provide a strong foundation for their own proposal to limit deficit spending and reduce the national debt. -- Randall G. Holcombe, Florida State University Can we learn which policies promise the most sustainable path to fiscal responsibility by examining how OEDC countries responded to the debt build up during and after the great recession? Merrifield and Poulson consider this question in their interesting and insightful book, Can the Debt Growth be Stopped. -- Dwight R. Lee, Southern Methodist University Can we learn which policies promise the most sustainable path to fiscal responsibility by examining how OEDC countries responded to the debt build up during and after the great recession? Merrifield and Poulson consider this question in their interesting and insightful book, Can the Debt Growth be Stopped. -- Dwight R. Lee, Southern Methodist University Merrifield and Poulson offer substantial insight into the reasons why countries find themselves with excessive deficits and debt. By examining the successful debt control measures in Switzerland and Sweden, they provide a strong foundation for their own proposal to limit deficit spending and reduce the national debt. -- Randall G. Holcombe, Florida State University Author InformationJohn D. Merrifield is professor of economics at the University of Texas at San Antonio. Barry W. Poulson is emeritus professor of economics at the University of Colorado. Tab Content 6Author Website:Countries AvailableAll regions |
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