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Economic Commentary

An Overview of the Clinton Budget Plan

Virtually all government policies alter the allocation of economic resources. The timing of the policies, the nature of government spending, and the form of revenue collection affect decision-making over time, change the distribution of costs and benefits across households and firms, and reshuffle the burdens borne by different generations. Whether intended or not, allocative consequences are the reality of economic policy.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Altig, David, and Jagadeesh Gokhale. 1993. “An Overview of the Clinton Budget Plan” Federal Reserve Bank of Cleveland, Economic Commentary 3/1/1993.