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June 2002 BN26
Article
Measuring UK fiscal stance since the Second World War
Type: IFS Briefing Notes
Authors: Tom Clark and Andrew W Dilnot

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In this note, the authors examine how we might measure the fiscal stance in terms of the scale of the public deficit. They show the path the gap between state income and expenditure has taken since 1946. The paper also tries to isolate the effects of government policy as opposed to the economic cycle.

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