The Measurement of Fiscal Stance
Rajiv Biswas,
Christopher Johns and
David Savage
National Institute Economic Review, 1985, vol. 113, 50-64
Abstract:
Most economists would doubtless reject the idea that policy makers or the public should judge budgets solely in terms of a single summary concept, surplus or deficit. Yet there is an undoubted demand for a single statistic which provides at least a rough-and-ready summary of the fiscal position. The attempt to specify such a single statistic has given rise to controversy for many years.
Date: 1985
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