supply-side economics

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Related to Supply-Side Policy: Monetary policy

supply-side economics

n
(Economics) (functioning as singular) a school of economic thought that emphasizes the importance to a strong economy of policies that remove impediments to supply

supply-side economics

Economic policies based on the idea that a national economy will benefit through a government making more money available for investment, especially through reducing tax levels.
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Noun1.supply-side economics - the school of economic theory that stresses the costs of production as a means of stimulating the economy; advocates policies that raise capital and labor output by increasing the incentive to produce
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
References in periodicals archive ?
The implementation of the Reagan Administration's policy was disjointed, because then-Fed Chairman Paul Volcker saw the supply-side policy as a massive fiscal stimulation that would send already high inflation rates soaring.
These include measurement issues, implications of the financial crisis, changes in supply-side policy, unreliability of productivity-growth projections, the absence of great inventions, and lack of business dynamism.
If, as Crafts argues, there has been no major structural break in either supply-side policy or growth potential, what explains the unprecedented weakness in productivity since the onset of the crisis?
The authors provide a detailed comparison but also reveal a strong similarity in regard to the assumed centrality of the state and supply-side policy approaches.
Active supply-side policy, for instance in the labour market, was used.
7 billion, with 65% of that sum allocated to fund supply-side policy initiatives and 35% allocated toward demand reduction and treatment initiatives.
Supply-side policy is normally presented as another method of conducting discretionary fiscal policy, not an additional category of government intervention.
The current mismatch between skill supply and decent job opportunities reveals the limitations of supply-side policy responses focused on retraining people in isolation from demand-side measures.
The most recent work in this area links housing and employment decisions and includes housing supply, which makes it possible to extend the model to consider supply-side policy to affect open space, habitat protection, and land use within a consistent general equilibrium framework.
He noted that this will require both demand and supply-side policy measures, including support for the development of small-and-medium-sized enterprises.
The government was not obliged to put in place a massive recovery plan or to rescue banks by injecting billions of zlotys, implementing a supply-side policy.
Basically, they treat the period from 1981 to 2004 as one continuous, 25-year experiment in supply-side policy including Bill Clinton's push for free trade, welfare reform, and spending control (from 1995 to 2000, spending growth was lower than under any president since Calvin Coolidge).