The High-Employment Budget: Recent Changes and Persistent Shortcomings
介绍了高就业预算这一衡量联邦财政政策工具的新估算方法,并回顾了长期限制其有用性的问题,适合关注财政政策与宏观经济分析的读者。
The high-employment budget measures federal government receipts, expenditures, and the associated surplus or deficit that would result if the economy always operated at its potential or full-employment level of output. It is a tool that economists frequently employ to analyze federal fiscal policy. Owen F. Humpage summarizes new methods of estimating the high-employment budget and reviews the persistent problems that greatly restrict the measure's usefulness.