Measurement of fiscal impact
The paper seem to suggest, rather strongly, that concern for conventional flow concepts should be supplemented by examination of stock concepts, such as financial and real assets, liabilities, and net worth, in order to generate more satisfactory measures of the fiscal impact on the economy.
Public DebtsPublic FinanceInflation (Finance)Fiscal policyAccountingEffect of inflation onPublic ExpenditureBudget deficitsPublic ExpendituresDebts, publicExpenditures, publicFinance, public, accounting