Cover IMF Working Papers
Fiscal Impulse
Author: Mr. Garry J. Schinasi and Mr. Mark Scott Lutz
Series:
IMF Working Papers
Volume/Issue:
Volume 1991: Issue 091
Language:
English
Publication Date:
01 Sep 1991
DOI:
https://doi.org/10.5089/9781451851441.001
ISBN:
9781451851441
ISSN:
1018-5941
Pages:
13
Keywords:
WP; fiscal policy multiplier; government; OECD measure; OECD approach; OECD method; OECD calculation; budget balance; Fiscal stance; Budget planning and preparation; Interest payments
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund