{"title":"未来一代的债务负担:现在,更担心当代人!","authors":"Yusuke Horiguchi","doi":"10.2139/ssrn.3686242","DOIUrl":null,"url":null,"abstract":"One of the key concerns associated with large deficit spending is unfair debt burden to be born by future generations that such spending gives rise to. Massive pandemic relief spending financed by debt in the US in the past several months, as expected, has raised serious concerns about its implications for the well-being of future generations. However, debates have featured more passion and rhetoric than in-depth analyses, leaving obscure what the crux of the matter really is. This note is an attempt to clarify. Key points spelled out in the article indicate that, for the US, and particularly in the present situation where the Fed is following a very accommodative policy, the burden of current deficit spending on the future generation should be less of a concern than commonly perceived. This ought to be an important consideration as policy makers proceed to consider the cost and benefits of additional relief packages to address the economic fallout of the pandemic.","PeriodicalId":13563,"journal":{"name":"Insurance & Financing in Health Economics eJournal","volume":"535 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2020-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Debt Burden On The Future Generation: For Now, Worry More About The Current Generation!\",\"authors\":\"Yusuke Horiguchi\",\"doi\":\"10.2139/ssrn.3686242\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"One of the key concerns associated with large deficit spending is unfair debt burden to be born by future generations that such spending gives rise to. Massive pandemic relief spending financed by debt in the US in the past several months, as expected, has raised serious concerns about its implications for the well-being of future generations. However, debates have featured more passion and rhetoric than in-depth analyses, leaving obscure what the crux of the matter really is. This note is an attempt to clarify. Key points spelled out in the article indicate that, for the US, and particularly in the present situation where the Fed is following a very accommodative policy, the burden of current deficit spending on the future generation should be less of a concern than commonly perceived. This ought to be an important consideration as policy makers proceed to consider the cost and benefits of additional relief packages to address the economic fallout of the pandemic.\",\"PeriodicalId\":13563,\"journal\":{\"name\":\"Insurance & Financing in Health Economics eJournal\",\"volume\":\"535 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2020-09-03\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Insurance & Financing in Health Economics eJournal\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.3686242\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Insurance & Financing in Health Economics eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3686242","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Debt Burden On The Future Generation: For Now, Worry More About The Current Generation!
One of the key concerns associated with large deficit spending is unfair debt burden to be born by future generations that such spending gives rise to. Massive pandemic relief spending financed by debt in the US in the past several months, as expected, has raised serious concerns about its implications for the well-being of future generations. However, debates have featured more passion and rhetoric than in-depth analyses, leaving obscure what the crux of the matter really is. This note is an attempt to clarify. Key points spelled out in the article indicate that, for the US, and particularly in the present situation where the Fed is following a very accommodative policy, the burden of current deficit spending on the future generation should be less of a concern than commonly perceived. This ought to be an important consideration as policy makers proceed to consider the cost and benefits of additional relief packages to address the economic fallout of the pandemic.