Federal Fiscal Policy
Why did the budget deficit grow so much in FY 2023? And what does this imply about the future debt trajectory?
Controversies over the effects of fiscal policy on the economy have been at the heart of the policy debate surrounding the chronic deficits of the 1980s, the sharp rise in official budget surpluses in the late 1990s, and the equally sharp decline in the fiscal outlook recently.
This panel discussion, the first in an ongoing series on macroeconomic issues sponsored by the Brookings Institution, will examine a variety of questions regarding the effects of deficits on the economy: Do budget deficits matter? Under what circumstances and what time horizons are they good, bad, or neutral? How important are they to strong economic growth?
Following their remarks, panelists will answer questions from the audience.
Agenda
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March 11
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Moderators
Alice M. Rivlin Former Brookings Expert -
Panelists
CLSCharles L. Schultze Former Brookings ExpertEEEric Engen Resident Scholar, American Enterprise InstituteRGPRudolph G. Penner Senior Fellow and the Arjay and Frances Miller Chair in Public Policy, The Urban Institute
William G. Gale The Arjay and Frances Fearing Miller Chair in Federal Economic Policy, Senior Fellow - Economic Studies, Co-Director - Urban-Brookings Tax Policy Center @WilliamGale2
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