fiscal policy


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fiscal policy

The government’s plan for taxation and government spending. Fiscal policy is one way in which a government can attempt to control the economy. Another way is through monetary policy which attempts to guide the economy by controlling the money supply.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.fiscal policy - a government policy for dealing with the budget (especially with taxation and borrowing)
economic policy - a government policy for maintaining economic growth and tax revenues
References in periodicals archive ?
We extend a model of Chari and Kehoe (2008) to show that because England is so much larger than the other constituent nations of the UK, its fiscal policy choices will have a commensurately stronger impact on UK monetary policy.
A universal base for information for decision-making in the area of fiscal policy will be formed.
Starting with the recessionary period itself, McGranahan and Berman show that fiscal policy was more expansionary during the Great Recession than in any other recession since 1960.
Research on fiscal policy typically attempts to measure how a change in tax or spending policies impacts economic outcomes.
The World Bank sTurkey in transition: time for a fiscal policy pivot?
Both before and during the finanical crisis Bulgaria upheld a strict fiscal policy and achieved low deficit and a small debt," said Oresharski.
It also explores the consequences of debt reduction through decreased government spending and through increased taxes and it examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning that governs monetary policy.
The second part discusses how fiscal policy should take into account the typically asymmetric character of economic cycles--in other words, the fact that recessions are longer than periods of an expanding economy--in meeting the surplus target.
16 general election after three years in opposition, is also likely to begin discussion to map out the basic policy for an initial budget for the next fiscal year starting April and the mid-to-long term economic and fiscal policy blueprints.
Procyclical fiscal policy is considered part of convention wisdom in developing countries [Ilzetzki and Vegh (2007)].
Speaking after meeting with Nobel Prize winner in Economics Christopher Pissarides, Anastasiades said he "fully adopts" the proposal of the Cypriot economist to set up a fiscal policy council.
Summary: The UAE has scooped the first place globally in the field of efficiency of governmental fiscal policy.

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