Tuesday, December 4, 2012
EconoMonitor : Ed Dolan's Econ Blog » What Does it Mean for Fiscal Policy to be “Sustainable”? MMT and Other Perspectives
As negotiations over fiscal policy heat up, one thing nearly everyone agrees on is that U.S. fiscal policy should be sustainable. The trouble is, there are sharp disagreements about just what sustainability means. This post explores three different meanings of fiscal policy sustainability and explores their significance for current budget debates.