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| Economic Policy Review |
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| Volume 6, Number 1 April 2000 |
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| Fiscal Policy in
an Era of Surpluses: Economic and Financial Implications |
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| Introduction Opening Remarks  2
pages / 55 kbWilliam J. McDonough |
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| Summary
of Observations and Recommendations 3
pages / 81 kb Richard Peach and Charles Steindel |
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| Session 1 Formation of Fiscal Policy: The Experience of the Past Twenty-Five Years 15
pages / 170 kbAlan J. Auerbach |
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Commentary3
pages / 16 kb Barry Bosworth |
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Commentary4
pages / 120 kb C. Eugene Steuerle |
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| Session 2 The Automatic Fiscal Stabilizers: Quietly Doing Their Thing 34
pages / 303 kbDarrel Cohen and Glenn Follette |
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Commentary6
pages / 114 kb Olivier Blanchard |
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| Distinguished Address The Near-Term Outlook for Fiscal Policy 4
pages / 85 kbRudolph G. Penner |
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| Keynote Address Fiscal Policy in an Era of Surpluses 3
pages / 79 kbGary Gensler |
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| Session 3 Enhancing the Liquidity of U.S. Treasury Securities in an Era of Surpluses 31
pages / 458 kbPaul Bennett, Kenneth Garbade, and John Kambhu |
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Commentary2
pages / 79 kb Vaughn O’Regan |
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Commentary3
pages / 85 kb Charles H. Parkhurst |
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| Session 4 The Benchmark U.S. Treasury Market: Recent Performance and Possible Alternatives 17
pages / 235 kbMichael J. Fleming |
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Commentary2
pages / 78 kb Lou Crandall |
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Commentary5
pages / 92 kb Thomas C. Glaessner |
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Commentary3
pages / 80 kb Stan Jonas |
