Both the OECD and the IMF periodically estimate and publish measures of fiscal impulse to gauge the extent to which fiscal policy in the major industrial countries has become more or less expansive over time. This paper compares these measures analytically and numerically. The paper shows that the OECD and IMF measures of fiscal impulse differ in at least four fundamental ways: (1) the OECD includes fiscal drag under the presumption that it is part of the "structure" of fiscal policy, while the IMF excludes it from its adjusted measure of the budget balance; (2) the OECD and the IMF both adjust for cyclical factors but they do so differently; (3) the OECD estimates its marginal tax and expenditure rates from a structural model whereas the I...
This paper challenges the focus on budget deficits that permeates the literature on fiscal policy. I...
This paper studies the effects of fiscal policy on GDP, prices and interest rates in 5 OECD countrie...
We examine the evidence on episodes of large stances in fiscal policy, both in cases of fiscal stimu...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
The objective of this paper is twofold. First, for some OECD countries we econometrically select the...
This paper tries to assess fiscal policy rules in the OECD countries. In particular, we examine whet...
This paper investigates fiscal developments in 112 countries during the 1990s. It finds that while t...
We analyse the in uence of fiscal policy on TFP and per capita output in a panel of OECD countries s...
In this, we discuss and assess the size of the fiscal stimulus in European countries. To this end,...
In this, we discuss and assess the size of the fiscal stimulus in European countries. To this end,...
This paper studies the effects of fiscal policy on GDP, prices and interest rates in 5 OECD countrie...
This paper studies the effects of fiscal policy on GDP, prices and interest rates in 5 OECD countrie...
This paper studies the effects of fiscal policy on GDP, prices and interest rates in 5 OECD countrie...
This paper studies the effects of fiscal policy on GDP, prices and interest rates in 5 OECD countrie...
This thesis examines the influence of the cyclical position on discretionary fiscal policy in twenty...
This paper challenges the focus on budget deficits that permeates the literature on fiscal policy. I...
This paper studies the effects of fiscal policy on GDP, prices and interest rates in 5 OECD countrie...
We examine the evidence on episodes of large stances in fiscal policy, both in cases of fiscal stimu...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
The objective of this paper is twofold. First, for some OECD countries we econometrically select the...
This paper tries to assess fiscal policy rules in the OECD countries. In particular, we examine whet...
This paper investigates fiscal developments in 112 countries during the 1990s. It finds that while t...
We analyse the in uence of fiscal policy on TFP and per capita output in a panel of OECD countries s...
In this, we discuss and assess the size of the fiscal stimulus in European countries. To this end,...
In this, we discuss and assess the size of the fiscal stimulus in European countries. To this end,...
This paper studies the effects of fiscal policy on GDP, prices and interest rates in 5 OECD countrie...
This paper studies the effects of fiscal policy on GDP, prices and interest rates in 5 OECD countrie...
This paper studies the effects of fiscal policy on GDP, prices and interest rates in 5 OECD countrie...
This paper studies the effects of fiscal policy on GDP, prices and interest rates in 5 OECD countrie...
This thesis examines the influence of the cyclical position on discretionary fiscal policy in twenty...
This paper challenges the focus on budget deficits that permeates the literature on fiscal policy. I...
This paper studies the effects of fiscal policy on GDP, prices and interest rates in 5 OECD countrie...
We examine the evidence on episodes of large stances in fiscal policy, both in cases of fiscal stimu...