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actual tax aggregate demand impact aggregate demand unchanged aggregate supply assessment of fiscal assumption automatic fiscal stabilizers behavior Blanchard budget on aggregate compiling a medium country's aggregate demand cyclical correction cyclically adjusted debt stabilization discretionary fiscal policy economy entirely on identities excess burden expansions will typically fiscal changes fiscal expansions fiscal indicators Fiscal policy involves flow ratio forecast taxes future policy horizons impact of fiscal index of discretionary indicateur indicators matching inflation influence microeconomic efficiency keep aggregate demand lower national saving means that fiscal measure the impact medium run national Microeconomic efficiency indicator monetarism national saving indicator Objectives of Fiscal OECD peut point in compiling policy on aggregate politiques budgétaires problem public debt Real interest payments real interest rate Ricardian equivalence run demand indicator run national saving set of indicators short run demand solde budgétaire stock ratio target level theory tries to measure typically lower national unemployment variable