文章基本信息

标题：Fiscal headwinds: Is the other shoe about to drop?
本地全文：下载
作者：Brian Lucking ; Daniel Wilson
期刊名称：FRBSF Economic Letter
出版年度：2013
卷号：2013
出版社：Federal Reserve Bank of San Francisco
摘要：Federal fiscal policy during the recession was abnormally expansionary by historical standards. However, over the past 2½ years it has become unusually contractionary as a result of several deficit reduction measures passed by Congress. During the next three years, we estimate that federal budgetary policy could restrain economic growth by as much as 1 percentage point annually beyond the normal fiscal drag that occurs during recoveries.