tax poor elements of demand, 185
tax rates
changes in, 198
tax receipts
random variations, 198
tax rich elements of demand, 185
Tornell and Lane, 102
total factor productivity, 186
transversality condition (TC), 19
Trehan and Walsh, 20
trend-cycle decomposition, 159
Tujula and Wolswijk, 103
Turnovsky, 129, 154
unemployment benefits, 131
unfunded obligation measure, 61
unit root tests, 50
unit roots, 21
United Kingdom
budget deficits in, 193
US Congressional Budget Office
(CBO), 96
USA
debt development in, 21
van den Noord, 103, 126
von Hagen and Wolff, 177
white noise, 34
Wierts et al., 60
Working Group on Ageing Populations
(AWG), 80
Wyplosz, 103, 192
224
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