Generational Policy (Cairoli Lectures) Book PDF, ePub eBook

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Book Descriptions:

In these eight 2002 Cairoli Lectures, presented at the Universidad
Torcuato di Tella in Buenos Aires, Argentina, Laurence Kotlikoff shows how
generational policy works, how it is measured, and how much it matters. Kotlikoff
discusses the incidence and measurement of generational policy, the relationship of
generational policy to monetary policy, and the vacuity of deficits, taxes, and
transfer payments as economic measures of fiscal policy. Kotlikoff also illustrates
generational policy's general equilibrium effects with a dynamic life-cycle
simulation model and reviews the empirical evidence testing intergenerational
altruism and risk sharing.The lectures were delivered as Argentina faced a
devastating depression triggered, in large part, by unsustainable generational
policy. Throughout the book, Kotlikoff connects his messages about generational
policy to the Argentine situation and the Argentine government's policy
mistakes.

Generational Policy (Cairoli Lectures) by Laurence J. Kotlikoff

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