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.
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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 ?
Fiscal policies must, therefore, be embedded in caution than exuberance.
The seminar explored the thinking of policymakers and academics on the roles and coordination of monetary and fiscal policies in the European Union and elsewhere.
state fiscal policies shows state deficits (in particular from tax cuts) can stimulate state economies in the short run but that there are significant job spillovers to neighboring states.
This has brought the number of developing countries that have pursued countercyclical fiscal policies over the last 15 years to 35 percent from just 19 percent in the period 1960-1999.
England would set its fiscal policies (and other non-monetary and non-fiscal policies such as structural reforms) independently and without Scottish input, and vice versa.
While there is a vast literature examining the effectiveness of particular fiscal policies, relatively little attention has been devoted to measuring the total contribution of all fiscal policies.
However, the extent to which fiscal policies affect the trade balance and the implications for growth is a question that has not yet been answered by the literature.
Speaking to reporters on the sidelines of a ceremony in Paralimni in which the unveiling of the monument to the fallen, murdered and missing of Famagusta village of Mandres took place, President Anastasiades stated: "I want to reiterate that as long as we are disciplined in our budgetary and fiscal policies and not deviate from what we have set as priorities -which are a neat state, a new structure, a targeted social policy, a real social policy, I believe we will succeed.
The management of fiscal policies at international level, and the channels of transmission of their effects depend crucially on the particular monetary regime prevailing (Diaz-Roldan, 2004); but the literature on open economies does not always pay special attention to this question.
To effectively implement social and economic development programmes, the government needs to have a budget that is underpinned by clear fiscal policies and legislation.
Indeed, OECD and other developed countries use loose monetary and fiscal policies to tackle with financial crisis of 2007 [IMF (2008)].
Of German nationality , Rother is currently head of the Fiscal Policies Division at the European Central Bank where he is responsible for developing the ECB policy line on fiscal policies in the EU and in particular the eurozone.