Class Four -- Friday, February 7th
In today's class, we will turn our attention to the economics of federal deficits and debt. For an introduction to the subject, read over Fiscal Challenges: Chapter Five: Michael J. Boskin, Economic Perspectives on Federal Deficits and Debt, and then review Schick, The Federal Budget: Chapter Three, The Budget's Shifting Boundaries; Chapter Four, Budgetary Arithmetic. Please also review one of the allocated briefing papers for today's class.
  • 1 Fiscal Challenges: Chapter Five: Michael J. Boskin, Economic Perspectives on Federal Deficits and Debt

  • 2 Allocated Briefing Papers for Friday, February 7th

    Please review one of the following briefing papers, based on the first letter of your surname:

     

    Jared Shirk & Francis Shen, "The Role of Estimation in Budget Procedures: Baselines" (May 4, 2005) (Briefing Paper No. 4) (http://www.law.harvard.edu/faculty/hjackson/Baselines_4.pdf) 

     

    Adam Fletcher & Trenton Hamilton, "Scoring and Revenue Estimation" (Updated March 16, 2008) (Briefing Paper No. 5) (http://www.law.harvard.edu/faculty/hjackson/ScoringRevenueEstimation_5%28rev%29.pdf)