Federal Budget Deficits and the U.S. Economy: A Summary of the Proceedings of the Conference Board's Economic Policy Forum, with Background Papers : a Conference Report from the Conference Board |
Contents
1 1985 | 1 |
Tables | 8 |
GROWTH IN THE DEFICIT AND THE STRUCTURE OF THE BUDGET | 11 |
Copyright | |
9 other sections not shown
Common terms and phrases
adjustments after-tax analysis annual assumptions average benefits billion borrowing business investment capital changes Congressional Budget Office cyclical debt held decline defense spending domestic economic growth Economist entitlement programs estimates federal budget federal debt federal debt-to-GNP ratio federal deficit Federal Reserve Bank federal spending finance foreign funds government debt growth rate high-employment budget deficit higher inflation House Budget Committee impact income indexing inflation rate inflation tax inflationary expectations interest costs James Tobin large deficits levels long-term major measure medicare ment monetary policy monetization nominal nominal interest rates numbers percent of GNP personal saving policy component post-World potential GNP primary deficit private saving projected real growth real interest rates recent recession recovery reduce result revenues rise saving rate sector share of GNP social security spending cuts steady-state budget constraint struc structural budget deficits structural deficit surplus Table tax increases tax rates Thomas Holloway tion Treasury tural U.S. dollars U.S. economy