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The BEA of 1990 created a PAYGO system prohibiting any policy changes that increased the estimated deficit in any year in the subsequent six-year period.
- The BEA of 1990 created a PAYGO system prohibiting any policy changes that increased the estimated deficit in any year in the subsequent six-year period. Another type of possible PAYGO system would prohibit any policy changes that increase the present value of the deficit over the entire six-year period. Discuss the relative advantages and disadvantages of these annual and cumulative PAYGO systems.
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Case Studies In Finance
Authors: Robert F. Bruner
4th Edition
0072338628, 978-0072338621
