Title: Measurement of fiscal impact
Description: The paper seem to suggest, rather strongly, that concern for conventional flow concepts should be supplemented by examination of stock concepts, such as financial and real assets, liabilities, and net worth, in order to generate more satisfactory measures of the fiscal impact on the economy.
Subjects: Public Debts, Public Finance, Inflation (Finance), Fiscal policy, Accounting, Effect of inflation on, Public Expenditure, Budget deficits, Public Expenditures, Debts, public, Expenditures, public, Finance, public, accounting