Percent of NABE Panelists Who Consider Current Fiscal Policy to be “About Right”
The Graph of the Week comes fromNABE's August 2009 Economic Policy Survey and shows the percentage of survey respondents who consider fiscal policy to be "About Right". From the survey:
There is a significant shift among economists about the stance of fiscal policy. The share viewing it as “about right” rose to 35 percent, the highest since March of 2008 and up from 22 percent in March 2009. The share of respondents feeling fiscal policy is too restrictive fell to 11 percent from 36 percent last March, while the number viewing it as too stimulative rose to 50 percent from 33 percent in March. Three-quarters responded that they would like to see fiscal policy become more restrictive over the next two years, but only 28 percent expect that it will be. In fact, the largest share, nearly 42 percent, expects fiscal policy to become even more stimulative than it is now.
You can read the full version of the August Economic Policy Survey online.
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