Fiscal Impulse
September 1, 1991
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Summary
The concept of fiscal impulse is defined, discussed, and differentiated from measures that attempt to summarize the macroeconomic effects of fiscal policy. Two methodologies are briefly discussed and their corresponding measures presented for the G-7 countries over the ten-year period ending in 1989. Controversies about the measure are highlighted and potential improvements are also discussed.
Subject: Budget planning and preparation, Expenditure, External debt, Fiscal policy, Fiscal stance, Interest payments, Public financial management (PFM)
Keywords: budget balance, Budget planning and preparation, fiscal policy multiplier, Fiscal stance, government, Interest payments, OECD approach, OECD calculation, OECD measure, OECD method, WP
Pages:
13
Volume:
1991
DOI:
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Issue:
091
Series:
Working Paper No. 1991/091
Stock No:
WPIEA0911991
ISBN:
9781451851441
ISSN:
1018-5941
