NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Political Economy of the Budget Surplus in the U.S.

Alberto Alesina

NBER Working Paper No. 7496
Issued in January 2000
NBER Program(s):   PE

Current surpluses in the U.S. have been achieved by a combination of a strong economy, low interest rates, and sharp cuts in defence spending. These surpluses follow a period (the eighties) of rather exceptional budget deficits. This paper investigates the origin, size, and expected future patterns of the U.S. budget balance. It discusses how different political forces may generate alternative fiscal scenarios for the U.S. in the next decade.

download in pdf format
   (1876 K)

email paper

This paper is available as PDF (1876 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w7496

Published: Published as "The Political Economy of Fiscal Adjustments", Brookings Paper, Vol. 28, no. 1 (1998): 197-248.

Users who downloaded this paper also downloaded these:
Auerbach and Gale w7837 Perspectives on the Budget Surplus
Fischer, Sahay, and Vegh w8930 Modern Hyper- and High Inflations
Alesina and Perotti Budget Deficits and Budget Institutions
Alesina and Perotti w4637 The Political Economy of Budget Deficits
Auerbach w14288 Federal Budget Rules: The US Experience
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us