Temporary support for growth #4: unusual fiscal policy
US FISCAL THRUST: CHANGE IN THE BUDGET BALANCE
15
15
10
10
FISCAL TIGHTENING
4 QUARTER FISCAL THRUST*
5
5
0
0
-5
-5
FISCAL EASING
-10
-10
* CHANGE IN 4 QUARTER BUDGET BALANCE FROM BUDGET BALANCE 4 QUARTERS PRIOR.
-15
-15
55 60 65 70 75 80 85 90 95 00 05 10 15 20 25
1
Sources: BEA, NBER
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