Do the markets care about the $2.4 trillion U.S. deficit?

Financial Analysts Journal

Volumn 63, Issue 2, 2007, Pages 37-47

  Gokhale, Jagadeesh ^a   Smetters, Kent ^b  

^a CATO INSTITUTE   (United States)

^b UNIVERSITY OF PENNSYLVANIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 34247625566     PISSN: 0015198X     EISSN: None     Source Type: Journal    
DOI: 10.2469/faj.v63.n2.4527     Document Type: Review

References (11)

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3. Edwards, Chris, and Jagadeesh Gokhale. 2006. "State and Local Unfunded Health Care Obligations: $1.4 Trillion." Tax and Budget Bulletin, Cato Institute, no. 40 (October).
4. Feldstein, Martin J. 1974. "Social Security, Induced Retirement, and Aggregate Capital Accumulation." Journal of Political Economy, vol. 82, no. 5 (September/October):905-926.
5. _. 1995. "The Effect of Increased Tax Rates on Taxable Income and Economic Efficiency: A Preliminary Analysis of the 1993 Tax Rate Increases." NBER Working Paper 5370.
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7. Gokhale, Jagadeesh, and Kent Smetters. 2003. Fiscal and Generational Imbalances: New Budget Measures for New Budget Priorities. Washington, DC: American Enterprise Institute.
8. Mid-Session Review. 2006. Budget of the United States Government for Fiscal Year 2007, Table 1:9.
9. Poterba, James M. 2004. "Impact of Population Aging on Financial Markets in Developed Countries." Economic Review, Federal Reserve Bank of Kansas City, vol. 89, no. 4 (4th Quarter):43-53.
10. Prescott, Edward C. 2004. "Why Do Americans Work So Much More Than Europeans?" Federal Reserve Bank of Minneapolis Quarterly Review, vol. 28 (July):2-13.
11. Siegel, Jeremy. 2005. "Age Wave-United States." Mimeo, Wharton School.