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The Long Run Has Become the Short Run

The Long Run Has Become the Short Run

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Published by dave1132

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Published by: dave1132 on Feb 14, 2011
Copyright:Attribution Non-commercial


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The Long Run Has Become the Short Run
Budget Implications of Demographic Change
“Failure on our part to prepare for demographic change will have
substanal adverse eects on the economic welfare of our childrenand grandchildren and on the long-run producve potenal of the
U.S. economy.” 
Ben Bernanke, Chairman, Federal Reserve Bank, October 2006 
Minnesota State Demographic Center 
658 Cedar StreetRoom 300Saint PaulMinnesota651.201.1199www.demography.state.mn.us
This document can be made available in alternave formats, such as largeprint, Braille, or audio tape or disk upon request at TTY 1-800-627-3592 orby contacng:
Minnesota Department of Administraon
State Demography Center
Phone: 651-201-1199Fax: 651-296-3698
This report was prepared by Tom Gillaspy and Martha McMurry of the MinnesotaState Demographic Center, with contributions from Tom Stinson, State Econo-mist. Additional assistance and advice was provided by George Hoffman, MattSchoeppner, John Peloquin, Kristy Swanson, Bill Marx and Ryan Lee.

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