Impulse to Quarterly Annualized GDP Growth from Fiscal Policy and Financial Conditions Is a soft landing possible in 2023? The drag on U.S. GDP from monetary and fiscal policy tightening is expected to fade next year. Image: Goldman Sachs Global Investment Research
Effect of Fiscal Policy on Real U.S. GDP Growth Goldman Sachs is more optimistic than consensus and expects 2022 U.S. GDP to grow at 4.6%. Image: Goldman Sachs Global Investment Research
Fiscal Policy Easing Response to Coronavirus Crisis The U.S. fiscal response to the coronavirus crisis is massive. Image: Goldman Sachs Global Investment Research
Fiscal Policy – U.S. Fiscal Response to Coronavirus and Global Financial Crisis This chart puts into perspective the massive U.S. fiscal response to the coronavirus pandemic in 2020. Image: Goldman Sachs Global Investment Research
Fiscal Policy – Discretionary Fiscal Easing in Response to Coronavirus Crisis This chart puts into perspective the U.S. fiscal stimulus relative to other countries. Image: Goldman Sachs Global Investment Research
Emerging Markets Monetary and Fiscal Policy This chart puts monetary and fiscal policy in emerging markets into perspective (now to end 2020). Image: Capital Economics
Effect of Fiscal Policy on U.S. Real GDP Growth This chart suggests a negative effect of fiscal policy on real GDP growth in 2020. Image: Goldman Sachs Global Investment Research
Effect on U.S. GDP Growth from Financial Conditions, Fiscal Policy and Trade War Financial Conditions should offset the effect of the trade war in 2020. Image: Goldman Sachs Global Investment Research
Fiscal Policy Contribution to U.S. Real GDP Growth The impact of fiscal policy contribution to U.S. real GDP growth is expected to fade in 2020. Image: Morgan Stanley
Fiscal and Monetary Policy – S&P 500 Real Total Return vs. the Fed Balance Sheet This chart shows the S&P 500 Real Total Return vs. the Fed balance sheet since 1937. Image: Fidelity Investments
U.S. Federal Government Fiscal Balance Running deficits over an extended period of time is not a sustainable fiscal policy. Image: BofA Global Investment Strategy