Hutchins Center Fiscal Impact Measure: Total — Fiscal Policy Contribution to Real GDP Growth, percentage points

Summary

Charts from the Hutchins Center on Fiscal & Monetary Policy at Brookings showing the Hutchins Center Fiscal Impact Measure: the total fiscal policy contribution to real GDP growth, in percentage points, with a 4-quarter moving average from 2000 Q1, and its components (federal purchases, state and local purchases, and taxes, transfers and subsidies). They cite Hutchins Center calculations from Bureau of Economic Analysis and Congressional Budget Office data, with grey shading for recessions and yellow shading for projections.

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“Hutchins Center Fiscal Impact Measure: Total — Fiscal Policy Contribution to Real GDP Growth, percentage points.” Original at www.brookings.edu. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/hutchins-center-fiscal-impact-measure-fim-47bd9a17f2/, SHA-256 5128849f0deeac4061ce98c72ba978cc3d296445e3534e0cf5eb8427323593c0.

Full text

Hutchins Center Fiscal Impact Measure: Total
Fiscal Policy Contribution to Real GDP Growth, percentage points

157

107

-57

2000 Q1 2010 Q1 2020 Q1

—— 4-quarter moving-average (Quarterly fiscal impact

Source: Hutchins Center calculations from Bureau of Economic Analysis and Congressional Budget Office data;
grey shaded areas indicate recessions and yellow shaded areas indicate projection.

Hutchins Center
on Fiscal & Monetary Policy
at BROOKINGS

a
Hutchins Center Fiscal Impact Measure: Components
Fiscal Policy Contribution to Real GDP Growth, percentage points

157

107

2000 Q1 2010 Q1 2020 Q1

-5>

—— 4-quarter moving-average M8) Federal Purchases
(State & Local Purchases
MH Taxes, Transfers, & Subsidies

Source: Hutchins Center calculations from Bureau of Economic Analysis and Congressional Budget Office data;
grey shaded areas indicate recessions and yellow shaded areas indicate projection.

Hutchins Center
on Fiscal & Monetary Policy
at BROOKINGS

a

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