Are All Summary Indicators of the Stance of Fiscal Policy Misleading?

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The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a

Are All Summary Indicators of the Stance of Fiscal Policy Misleading?

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Are All Summary Indicator of the Stance of Fiscal Policy Misleading

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Are All Summary Indicators of the Stance of Fiscal Policy Misleading?

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Two recent criticisms of summary fiscal indicators are appraised: first, that they and the conventionally-measured public sector balances from which they are de

Transparency in Government Operations

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Transparency in government operations is widely regarded as an important precondition for macroeconomic fiscal sustainability, good governance, and overall fisc