Dealing with Long-Term Deficits

S-Tier
Journal: American Economic Review
Year: 2016
Volume: 106
Issue: 5
Pages: 35-38

Authors (1)

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The United States faces a rising future ratio of debt to GDP that, if allowed to continue, would have serious adverse consequences for the American economy. Fortunately, policy changes can increase the size of the future GDP and shrink the future budget deficits. Relatively small reductions in future annual deficits could reverse the increasing ratio of national debt to GDP. Those annual deficit reductions could be best achieved by slowing the growth of Social Security and Medicare and by raising revenue by limiting tax expenditures or increasing the tax on gasoline.

Technical Details

RePEc Handle
repec:aea:aecrev:v:106:y:2016:i:5:p:35-38
Journal Field
General
Author Count
1
Added to Database
2026-01-25