01745cas a2200241 a 4500 AALejournalIMF000127 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451849820 1018-5941 BD-DhAAL BD-DhAAL Buiter, Willem. Generational Accounts, Aggregate Savings, and Intergenerational Distribution / Willem Buiter. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (32 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Are generational accounts informative about the effect of the budget on the intergenerational distribution of resources and on aggregate saving? First, the usefulness of generational accounts lives or dies with the strict life-cycle model of household consumption. Second, even if the life-cycle model holds, generational accounts ignore the intergenerational redistribution associated with the government's provision of public goods and services and with intergenerational externalities. Third, generational accounting ignores the effect of the budget on tax and transfer bases and on before-tax incomes and prices. That is, it does not handle incidence or general equilibrium repercussions. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1996/076 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/076/001.1996.issue-076-en.xml IMF e-Library