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Elmendorf, Douglas W.

Overview
Works: 55 works in 225 publications in 1 language and 5,399 library holdings
Roles: Author
Classifications: HB1, 339.523
Publication Timeline
Key
Publications about Douglas W Elmendorf
Publications by Douglas W Elmendorf
Most widely held works by Douglas W Elmendorf
Government debt by Douglas W Elmendorf( Book )
22 editions published in 1998 in English and Undetermined and held by 103 libraries worldwide
This paper surveys the literature on the macroeconomic effects of government debt. It begins by discussing the data on debt and deficits, including the historical time series, measurement issues, and projections of future fiscal policy. The paper then presents the conventional theory of government debt, which emphasizes aggregate demand in the short run and crowding out in the long run. It next examines the theoretical and empirical debate over the theory of debt neutrality called Ricardian equivalence. Finally, the paper considers the various normative perspectives about how the government should use its ability to borrow
Restraining the leviathan : property tax limitation in Massachusetts by David M Cutler( Book )
17 editions published between 1996 and 1997 in English and held by 92 libraries worldwide
Proposition 2.5, a ballot initiative approved by Massachusetts voters in 1980 sharply reduced local property taxes and restricted their future growth. We examine the effects of Proposition 2.5 on municipal finances and assess voter satisfaction with these effects. We find that Proposition 2.5 had a smaller impact on local revenues and spending than expected; amendments to the law and a strong economy combined to boost both property tax revenue and state aid above forecasted amounts. Proposition 2.5 did reduce local revenues substantially during the recession of the early 1990s. There were two reasons for voter discontent with the pre-Proposition 2.5 financing system: agency losses from inability to monitor government were perceived to be high, and individuals viewed government as inefficient because their own tax burden was high. Through override votes, voters approved substantial amounts of taxes above the limits imposed by the Proposition
The deficit gamble by Laurence M Ball( Book )
17 editions published in 1995 in English and held by 65 libraries worldwide
The historical behavior of interest rates and growth rates in U.S. data suggests that the government can, with a high probability, run temporary budget deficits and then roll over the resulting government debt forever. The purpose of this paper is to document this finding and to examine its implications. Using a standard overlapping-generations model of capital accumulation, we show that whenever a perpetual rollover of debt succeeds, policy can make every generation better off. This conclusion does not imply that deficits are good policy, for an attempt to roll over debt forever might fail. But the adverse effects of deficits, rather than being inevitable, occur with only a small probability
Taxation of labor income and the demand for risky assets by Douglas W Elmendorf( Book )
17 editions published between 1991 and 1996 in English and held by 60 libraries worldwide
The effect of uninsured labor income risk on the joint saving/portfolio composition decision is analyzed using new techniques from the theory of multiple risk-bearing. Applying this analysis, the effect of labor income taxes on the demand for risky securities is considered. It is well known that when private insurance markets are incomplete, the insurance afforded by labor income taxes can reduce overall saving. This paper establishes that - given plausible restrictions on preferences - the insurance afforded by labor income taxes increases the demand for risky securities, even when labor income is statistically independent of the returns to risky securities
Demographic characteristics and the public bundle by David M Cutler( Book )
9 editions published in 1993 in English and held by 48 libraries worldwide
Abstract: This paper explores the relationship between the demographic characteristics of a community and the quantities of goods and services provided by its government We consider three models of public spending: a traditional "selfish" public choice model in which individuals care only about themselves, a "community preference" model in which an individual's preferred spending depends on the characteristics of his or her community. and a sorting process through which individuals choose communities according to their tastes for public spending. To evaluate these models of spending, we examine how county and state spending in the United States is affected by the age and racial composition, and the total size of a jurisdiction. The estimated effects of demographic characteristics in the state equations are strikingly different from the estimated effects in the county equations, apparently because a jurisdiction's spending is affected differently by its own demographic characteristics and by the characteristics of the surrounding area
Confronting the nation's fiscal policy challenges : statement of Douglas W. Elmendorf, Director, before the Joint Select Committee on Deficit Reduction, U.S. Congress by Douglas W Elmendorf( Book )
3 editions published in 2011 in English and held by 2 libraries worldwide
"The federal government is confronting significant and fundamental budgetary challenges. If current policies are continued in coming years, the aging of the population and the rising cost of health care will boost federal spending, as a share of the economy, well above the amount of revenues that the federal government has collected in the past. As a result, putting the federal budget on a sustainable path will require significant changes in spending policies, tax policies, or both. The task of addressing those formidable challenges is complicated by the weakness of the economy and the large numbers of unemployed workers, empty houses, and underused factories and offices. Changes that might be made to federal spending or tax policies could have a substantial impact on the pace of economic recovery during the next few years as well as on the nation's output and people's income over the longer term."--Summary
Options for controlling the cost and increasing the efficiency of health care by Douglas W Elmendorf( Book )
2 editions published in 2009 in English and held by 2 libraries worldwide
Options for expanding health insurance coverage and controlling costs by Douglas W Elmendorf( Book )
2 editions published in 2009 in English and held by 2 libraries worldwide
CBO's 2011 long-term budget outlook : statement of Douglas W. Elmendorf, Director, before the Committee on the Budget, U.S. House of Representatives by Douglas W Elmendorf( Book )
2 editions published in 2011 in English and held by 1 library worldwide
Discretionary spending statement of Douglas W. Elmendorf, Director, before the Joint Select Committee on Deficit Reduction, U.S. Congress by Douglas W Elmendorf( file )
1 edition published in 2011 in English and held by 0 libraries worldwide
The economic outlook and fiscal policy choices statement of Douglas W. Elmendorf, director before the Committee on the Budget, United States Senate by Douglas W Elmendorf( file )
1 edition published in 2010 in English and held by 0 libraries worldwide
 
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Alternative Names
Douglas Elmendorf
Douglas Elmendorf Amerikaans econoom
Elmendorf, Douglas
Elmendorf, Douglas William
ダグラス・エルメンドルフ
道格拉斯·艾門多夫
Languages
English (102)
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