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Budget Deficits and Debt - Issues and Options (Paperback)
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Budget Deficits and Debt - Issues and Options (Paperback)
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Few economic issues have such far-reaching implications as
excessive government budget deficits and debt. It is almost
universally agreed that fiscal imbalances retard economic growth,
impose heavy burdens on future generations, and heighten the risk
of financial market disruption. It is also agreed, however, that
correcting such imbalances is a difficult task. Around the world,
countries are attempting to address the problem of excessive
deficits and debt. This issue is at the core of many political and
economic debates. To gain a better understanding of the problem and
to consider potential solutions, the Federal Reserve Bank of Kansas
City sponsored a symposium on Budget Deficits and Debt: Issues and
Options at Jackson Hole, Wyoming, on August 31-September 2, 1995. A
distinguished group of central bankers, finance ministers,
academics, and financial market representatives shared their views
and research results on this vital topic. The opening remarks are
by Alan Greenspan, Chairman of the Board of Governors of the
Federal Reserve System.
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