13 Pages Posted: 15 Feb 2006
Date Written: September 1991
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.
JEL Classification: E61, E62
Suggested Citation: Suggested Citation