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No Fix For US Fiscal Policy without New Rules

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Ed Dolan
Ed Dolan

This slideshow discusses the proposals of the Petersen-Pew Commission on Fiscal Policy for better US budget rules

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More Slides from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ No Fix For US Fiscal Policy without New Rules Post prepared November 10, 2010 Terms of Use: These slides are made available under Creative Commons License Attribution—Share Alike 3.0 . You are free to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like the slides, you may also want to take a look at my textbook, Introduction to Economics , from BVT Publishers.
The Peterson-Pew Commission Report on Fiscal Rules ,[object Object],[object Object],[object Object],Posted Nov. 16, 2010 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
A Failed Budget Process ,[object Object],[object Object],Posted Nov. 16, 2010 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com ,[object Object],[object Object],[object Object],[object Object]
The Peterson-Pew Baseline Scenario ,[object Object],[object Object],[object Object],[object Object],[object Object],Posted Nov. 16, 2010 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
The Peterson-Pew Baseline Scenario ,[object Object],[object Object],[object Object],[object Object],[object Object],Posted Nov. 16, 2010 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
First Step: The Sustainable Debt Act ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Posted Nov. 16, 2010 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
Initial Target: Debt Ratio at 60% by 2018 Posted Nov. 16, 2010 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
Enforcement Mechanisms ,[object Object],[object Object],[object Object],[object Object],[object Object],Posted Nov. 16, 2010 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
Past Attempts at Budget Rules ,[object Object],[object Object],[object Object],Posted Nov. 16, 2010 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com Senator Phil Gramm. The Gramm-Rudman-Hollings Act of 1985 mandated fiscal discipline, but it lasted only five years Photo source: http://en.wikipedia.org/wiki/File:PhilGramm.jpg
Why Past Rules have Failed ,[object Object],[object Object],Posted Nov. 16, 2010 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com Supreme Court Building, Washington DC Photo source: DBKing, http://commons.wikimedia.org/wiki/File:US_Supreme_Court_%2835650678%29.jpg

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No Fix For US Fiscal Policy without New Rules

  • 1. More Slides from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ No Fix For US Fiscal Policy without New Rules Post prepared November 10, 2010 Terms of Use: These slides are made available under Creative Commons License Attribution—Share Alike 3.0 . You are free to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like the slides, you may also want to take a look at my textbook, Introduction to Economics , from BVT Publishers.
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  • 7. Initial Target: Debt Ratio at 60% by 2018 Posted Nov. 16, 2010 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
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