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Volume 6, Number 1 April 2000 |
Fiscal Policy in an Era of Surpluses: Economic and Financial Implications |
Introduction Opening Remarks ![]() William J. McDonough |
Summary of Observations and Recommendations ![]() Richard Peach and Charles Steindel |
Session 1 Formation of Fiscal Policy: The Experience of the Past Twenty-Five Years ![]() Alan J. Auerbach |
Commentary![]() Barry Bosworth |
Commentary![]() C. Eugene Steuerle |
Session 2 The Automatic Fiscal Stabilizers: Quietly Doing Their Thing ![]() Darrel Cohen and Glenn Follette |
Commentary![]() Olivier Blanchard |
Distinguished Address The Near-Term Outlook for Fiscal Policy ![]() Rudolph G. Penner |
Keynote Address Fiscal Policy in an Era of Surpluses ![]() Gary Gensler |
Session 3 Enhancing the Liquidity of U.S. Treasury Securities in an Era of Surpluses ![]() Paul Bennett, Kenneth Garbade, and JohnKambhu |
Commentary![]() Vaughn O’Regan |
Commentary![]() Charles H. Parkhurst |
Session 4 The Benchmark U.S. Treasury Market: Recent Performance and Possible Alternatives ![]() Michael J. Fleming |
Commentary![]() Lou Crandall |
Commentary![]() Thomas C. Glaessner |
Commentary![]() Stan Jonas |