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Working Paper

Generational Accounting: A New Approach for Understanding the Effects of Fiscal Policy on Saving

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An application of generational accounting to fiscal policies that feature intergenerational redistribution. The authors consider different policies, only some of which show up as a change in the deficit, and explore their impact on the net national saving rate.
05.01.1991ISSN 2573-7953 WP 91-07DOI 10.26509/frbc-wp-199107

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

Suggested Citation

Auerbach, Alan, Jagadeesh Gokhale, and Laurence Kotlikoff. 1991. “Generational Accounting: A New Approach for Understanding the Effects of Fiscal Policy on Saving.” Federal Reserve Bank of Cleveland, Working Paper No. 91-07. https://doi.org/10.26509/frbc-wp-199107