Search a title or topic

Over 20 million podcasts, powered by 

Player FM logo
Artwork

Content provided by The Brookings Institution. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Brookings Institution or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Player FM - Podcast App
Go offline with the Player FM app!

How does Congress react to budget deficit projections?

21:58
 
Share
 

Manage episode 451071273 series 3547788
Content provided by The Brookings Institution. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Brookings Institution or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Fiscal deficit projections are used by policymakers to understand the trajectory of U.S. debt. Between 1984 and 2003, Congress was responsive to these projections, raising taxes and cutting spending when projections showed that the deficit would grow. However, since 2004, fiscal policy has ceased being responsive to debt projections regardless of the party in power. In a new paper, “Robust Fiscal Stabilization,” Alan Auerbach and Danny Yagan of the University of California, Berkeley, quantify this phenomenon by comparing fiscal legislation across the two periods. On this episode, Auerbach discusses the findings and their implications with Brookings Senior Fellow William Gale.

Show notes and transcript

The Brookings Podcast on Economic Activity is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, or wherever you listen to podcasts. Send feedback email to [email protected].

  continue reading

29 episodes

Artwork
iconShare
 
Manage episode 451071273 series 3547788
Content provided by The Brookings Institution. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Brookings Institution or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Fiscal deficit projections are used by policymakers to understand the trajectory of U.S. debt. Between 1984 and 2003, Congress was responsive to these projections, raising taxes and cutting spending when projections showed that the deficit would grow. However, since 2004, fiscal policy has ceased being responsive to debt projections regardless of the party in power. In a new paper, “Robust Fiscal Stabilization,” Alan Auerbach and Danny Yagan of the University of California, Berkeley, quantify this phenomenon by comparing fiscal legislation across the two periods. On this episode, Auerbach discusses the findings and their implications with Brookings Senior Fellow William Gale.

Show notes and transcript

The Brookings Podcast on Economic Activity is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, or wherever you listen to podcasts. Send feedback email to [email protected].

  continue reading

29 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Listen to this show while you explore
Play