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Measuring Fiscal Stance


Measuring Fiscal Stance " In this note, Tom Clark and Andrew Dilnot examine how we might measure the fiscal stance in terms of the scale of the public deficit. They show the path the gap between state income and expenditure has taken since 1946. The paper also tries to isolate the effects of government policy as opposed to the economic cycle. "Measuring UK fiscal stance since the Second World War" is published by the Institute for Fiscal Studies.


By Institute for Fiscal Studies , UK.

Macro Economic Policy Resource.