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The U.S. Trade Deficit: Causes, Consequences, and Policy Options

Description: The first part of this report explains the fundamental macroeconomic forces that cause a trade imbalance (deficit or surplus). In light of those fundamental forces, the report then evaluates the most common economic concerns about trade deficits. Finally, the report examines the efficacy of alternative policy responses to trade imbalances and the economic forces that generate them.
Date: July 12, 2010
Creator: Elwell, Craig K.
Partner: UNT Libraries Government Documents Department

The Size and Role of Government: Economic Issues

Description: he appropriate size and role of the government is one of the most fundamental and enduring debates in American politics. What role does the state play in economic activity? How is the economy affected by government intervention? Many of the arguments surrounding the proper size of government are economic in nature, and these are discussed in this report.
Date: June 14, 2010
Creator: Labonte, Marc
Partner: UNT Libraries Government Documents Department

The Balanced Budget Proposal: Some Macroeconomic Implications

Description: This brief report outlines some possible macroeconomic implications of observing a statutory or constitutional commitment to balance the Federal budget. It does not address the legal questions about the proposal or their implementation, nor the economic and political questions related to decisions about the level of Federal revenues or expenditures. On the latter, its analysis refers to revenue and expenditure levels, in relation to total national product, typical of recent years.
Date: July 29, 1985
Creator: Henderson, John B.
Partner: UNT Libraries Government Documents Department

A Summary of Prevailing Views on the Sources of Inflation

Description: It is the purpose of this paper to present the range of viewpoints concerning the causes of inflation. Inflation is defined and distinguished from changes' in relative prices. The Monetarist, Post-Keynesian, and neo-Keynesian positions are discussed to illustrate the variety of perceptions as to the sources of sustained increases in the general price level.
Date: January 30, 1981
Creator: Cashell, Brian W.
Partner: UNT Libraries Government Documents Department

Running Deficits: Positives and Pitfalls

Description: The FY2009 federal deficit swelled to $1.414 trillion, or nearly 10% of gross domestic product (GDP), due to the economic recession. The size of recent deficits has added to longstanding concerns regarding the federal government's long-term fiscal condition. However, deficit finance can serve as an important policy tool. This report discusses how deficit finance can help governments manage their economies and how large and persistent deficits can lead to severe economic problems.
Date: September 14, 2010
Creator: Austin, D. Andrew
Partner: UNT Libraries Government Documents Department