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  • 标题:A View from the Fiscal Cliff
  • 本地全文:下载
  • 作者:Fernando M. Martin
  • 期刊名称:Federal Reserve Bank of St. Louis - Regional Economist
  • 出版年度:2013
  • 出版社:Federal Reserve Bank of St. Louis
  • 摘要:

    For a number of years now, there has been a renewed and ongoing debate in the U.S. about the proper role and size of government. On one side of the argument, distrust in markets has increased due to the severity of the 2007-08 financial crisis, particularly how it impacted household wealth. On the other side, distrust in government has increased, given the apparent ineffectiveness of stimulus programs and worries about mounting debt, both of which resulted from the government's response to the recession that followed. The disagreement in views promoted a situation in which federal revenue gradually fell well below historical averages while spending rose significantly.

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