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Using Multiyear Baselines for Fiscal Policy Analysis
Oleh:
Clifton, James M.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 31 no. 2 (1996)
,
page 42-46.
Topik:
baseline assessment
;
multi year baseline
;
fiscal policy analysis
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.3
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The concept of baseline budgeting has been rightfully criticized in recent congressional debates because it enables politicians both to take credit for "deficit reductions" while simultaneously voting for ever - increasing - dollar levels of support for federal programs. However, economic analysis of sequential sets of multiyear baselines offers a useful long - run approach to analyzing shifts in policy regimes. It also offers fresh insights as to which areas of the budget are controllable or predictable and which are not, those for which actual outlays closely track five - yea rplanning horizons and those for which they don't. At a more theoretical level, federal spending baseline offer the only tangible view of forward looking behaviour within the major GFP expenditure aggregates.
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