search query: @indexterm FISCAL POLICY / total: 505
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| Author: | Auerbach, A.J. |
| Title: | Budget windows, sunsets, and fiscal control |
| Journal: | Journal of Public Economics
2006 : JAN, VOL. 90:1-2, p. 87-100 |
| Index terms: | budget budget deficit fiscal policy |
| Language: | eng |
| Abstract: | Recently, USA has evaluated policy changes using a multi-year budget window. A budget window that is too short permits the shifting of costs beyond the window's endpoint, while a window that is too long includes years for which current legislation is essentially meaningless, and allows the shifting of fiscal burdens to those whom budget rules are supposed to protect. This article characterizes the "optimal" budget window. An appropriately designed budget window eliminates the incentive to use to avoid budget restrictions. |
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