Series: IMF Working Papers
Author(s): Carlo Cottarelli , and Annalisa Fedelino
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2010
Keywords: cyclical adjustment, expenditure, fiscal balances, budget balance, public spending, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General, National Deficit Surplus, National Budget
The size of government is a commonly used variable in many analytical studies on the effects of fiscal policy. An accepted practice is to measure it as the ratio of government spending to GDP. However, this is not...