The New Macroeconomics of Federal Budget Reform

Authors

  • Fred Thompson

Abstract

This article provides an analysis of government finance and fiscal policy – taxing and spending – from the perspective of what is termed the new macroeconomics, a part of NIE or new institutional economics. It presents a view that is quite different from that of traditional budget-oriented thinking with respect to how we ought to analyze and measure the consequences of federal government fiscal policy and debt. The author suggests that a macroeconomic approach is more appropriate and makes more sense than traditional conceptions in terms of how we should assess the overall impact and consequences of government finance decisions.

Author Biography

Fred Thompson

Fred Thompson is Grace and Elmer Goudy Professor of Public Management and Policy, Atkinson Graduate School of Management, Willamette University.

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How to Cite

Thompson, F. (2014). The New Macroeconomics of Federal Budget Reform. International Public Management Review, 6(2), 1–5. Retrieved from https://ipmr.net/index.php/ipmr/article/view/166

Issue

Vol. 6 No. 2 (2005)

Section

Articles

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