Series: IMF Working Papers
Author(s): Bertrand Gruss , and Jose L. Torres
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2012
Keywords: growth, entrepreneurs, entrepreneurial ability, Macroeconomic and Welfare Costs of U.S. Fiscal Imbalances, Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data), Fiscal Policies and Behavior of Economic Agents: General
In this paper we use a general equilibrium model with heterogeneous agents to assess the macroeconomic and welfare consequences in the United States of alternative fiscal policies over the medium-term. We find that...