Generational accounting

Question

Quizplus · Accepted Answer

Generational accounting evaluates the impact of current fiscal policies on different generations in the economy, including future generations. It takes into account demographic trends and projections to determine the long-term implications of current policies. It aims to ensure intergenerational equity by identifying the distributional effects of current fiscal policies across generations. It is different from traditional national accounting, which only considers the current period's impact on the economy.

Generational Accounting