Toolsoffiscalpolicy Automaticstabilizers自动稳定装置–aftersettingautomaticimpactoneconomy –Mandatory(obligatory)spending义务花费–Progressive进步的incometax–Transferpayments转移性支付(e.g.unemployment compensation失业补偿金)Discretional任意的measures–one-shotmeasurestorealizechangesineconomy –Changesintaxratesor...
Fiscal Policy Fiscal Policy - Government effort to control the economy and maintain stable prices, full employment, and economic growth. Fiscal Policy. FISCAL POLICY 12 C H A P T E R Fiscal Policy One major function of the government is to stabilize the economy (prevent unemployment or inflati...
Fiscal Policy and the Multiplier The size of the shift of the aggregate demand curve depends on the type of fiscal policy. The multiplier on changes in government purchases = 1/MPS. The multiplier on changes in taxes or transfers = MPC/MPS This is because part of any initial change in tax...
31.1THEBUDGETANDFISCALPOLICY Figure31.1showsthe federalbudgettimeline forFiscalyear2007. BudgetTimeLine ThePresidentand Congressmakethefederal budgetontheannualtime line. 31.1THEBUDGETANDFISCALPOLICY TypesofFiscalPolicy Fiscalpolicycanbeeither •Discretionaryor ...
Question3:What is the biggest difference of fiscal policy and monetary policy impact on the economy?财政政策与货币政策对经济的影响最大的不同在哪?一、财政政策与货币政策的执行主体不同In general,the legislative and executive branches of government control fiscal policy,while centra 4、l banks(such ...
question3: what is the biggest difference of fiscal policy and monetary policy impact on the economy?财政政策与货币政策对经济的影响最大的不同在哪?一、财政政策与货币政策的执行主体不同in general, the legislative and executive branches of government control fiscal policy, whi 4、le central banks (...
中国包容性发展与财政政策选择InclusiveDevelopmentamp;FiscalPolicy.ppt 二是完善财政投资政策。财政要从一般竞争性领域的投资果断退出,改变目前财政投资范围过宽、撒糊椒面的状况。三是集中财力加大民生投入,特别是加大对基本公共服务如教育、医疗卫生、就业服务、社会保障、生态环境等方面的支出力度。 Secondly, perfect ...
Fiscal policy entails the use of the government’s taxation and expenditures policies in order to achieve macroeconomic goals, such as full employment, rapid economic growth, and stable price level, etc. II. Budget Deficits Surpluses A. Balanced Budget(预算平衡) Fiscal policy is reflected through...
Monetaryandfiscalpolicyaresometimesusedtooffsetthoseshiftsandstabilizetheeconomy.第1页/共43页 货币政策如何影响总需求 HowMonetaryPolicyInfluencesAggregatedemand 总需求曲线向右下方倾斜，因为三个原因：Theaggregatedemandcurveslopesdownwardforthreereasons:财富效应Thewealtheffect利率效应Theinterest-rateeffect汇率效应The...
whenagentsarelearningaboutthepolicyregime. •Forpassivemonetarypolicies,thereisalwaysachoiceoffiscalpolicy consistentwithmacroeconomicstability. •Resolvinguncertaintyabouttheprevailingmonetarypolicyregimeimproves stabilizationpolicy,enlargingthemenuofpolicyoptionsconsistentwith ...