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) PDF

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