The Economic Consequences of Disappearing Government Debt
美国联邦预算盈余在2000年达到GDP的2.4%，创1948年以来新高，本文探讨政府债务消失对宏观经济的影响。
DEVELOPMENTS in the United States of late have been fast moving and nothing short of outstanding: The latest projections of the Congressional Budget Office (CBO) peg the federal surplus for fiscal year 2000 in excess of $230 billion, around $50 billion more than its forecast of just six months earlier. For a generation accustomed to mounting government obligations and dire warnings of adverse macroeconomic consequences, a surplus in 2000 amounting to 2.4 percent of nominal GDP-the largest since 1948-would seem to imply a changed economic landscape.