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Bill Clinton's Fiscal Policy - Success or Coincidence?
Bednář, Milan ; Tajovský, Ladislav (advisor) ; Chalupecký, Petr (referee)
This thesis deals with fiscal policy in the United States during the time of President Bill Clinton, particularly with budget surpluses which occurred by the turn of the 21st century. Public finances reached the surplus after 30 long years and from this perspective it represented an extraordinary event which is still discussed. I investigated following hypothesis: "Is Bill Clinton largely responsible for the budget surpluses?", because he is often credited for them, especially among the general public. I analyzed major economic factors, especially information technology, which probably affected economic as well as fiscal situation. I subsequently confronted the findings with the evolving structure of revenues and expenditures. I conclude that mostly exogenous circumstances helped reach the surpluses, the economy benefited from a large number of effects. Bill Clinton, in fact, could not significantly influence many of them.
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