The fiscal cliff fight of 2012-2013 has finally come to an end. ... The deal made regarding the fiscal cliff did little to decrease the annual deficit, almost $1.1 trillion last year. ... Taxes: The fiscal cliff debate centered on tax hikes for the rich. ... These indicators include interest rates, confidence or expectations, and Government policies and Federal Deficit. The Government has the means to manipulate these variables through two market intervention tools, specifically the fiscal policy and the monetary policy (Patil, 2012). ...

• Word Count: 1445
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

The third and the best solution how to increase a living standard of Slovaks is to use a fiscal policy. Fiscal policy is done by government and it is based on two factors. ... Fiscal policy is one of the most using policies in the democratic countries in the world. The basis of fiscal policy was given by J. ... Fiscal policy is not easy to implement but by looking into the past of other countries where it worked and resulted in wealth of the countries, why not to use it? ...

• Word Count: 1457
• Approx Pages: 6
• Grade Level: High School

This year's Budget projects revenue of $416.9b against expenditure of $450.6b, resulting in a total fiscal balance of -$37.1b or -2.2% of our GDP. ... Despite this, the Government has employed many discretionary changes in fiscal policy, to stimulate aggregate demand and supply in the economy, and thus, increase economic growth. ... A major objective of fiscal policy is maintain internal balance, by creating jobs, keeping inflation within its target range and redistributing income in a fair manner. ... Income inequality is also combated through policies that increase employment, as indivi...

• Word Count: 1386
• Approx Pages: 6
• Grade Level: Undergraduate

Even though this new economic plan was unstable, it was definitely much more successful than the Autarky economic policy. ... It was a moderately restrictive monetary policy, and an income policy with a commitment to begin structural reform. ... Because the policies of supply and demand, certain measures have been taken. ... Since then, and in all regard to need, monetary and fiscal policy has been provided. To go with these policies of restrictive demand and more flexible supply, the government has tried to stimulate an income policy on several occasions. ...

• Word Count: 2349
• Approx Pages: 9
• Grade Level: Undergraduate

This is the reason why people were so content with their laissez faire economic policy. However, once the Great Depression hit this policy became inadequate which gave rise to Keynesian economics. ... The majority of Keynesians now believe that monetary and fiscal policies affect the economy; however, this used to not be widely accepted by all Keynesians. ... Meanwhile, during the 1990s boom, Keynesian economics faded away from national fiscal policy without too much controversy. ... This is why governments typically invoke laissez-faire policy during a boom. ...

• Word Count: 1814
• Approx Pages: 7
• Grade Level: Undergraduate

Changes in Policy Hodgson (2011), describes how all the above had implications on policy. ... The IMF (2011) has not only identified problems has acted upon them and is urging for policy developments. ... In some countries, the effective use of policy instruments by both governments and social partners) has helped to ease the burden on working families and stabilize the economy. Active labour market policies and effective labour market institutions have proved their worth in the crisis, and should be maintained and strengthened. ... Given high unemployment and fiscal constraints, there was a r...

• Word Count: 1610
• Approx Pages: 6
• Has Bibliography

Some of the factors contributing to the vast improvement in inflation include austerity measures which have reduced wage growth, a determination to keep the exchange rate stable against major European currencies, the sale of inefficient state run enterprises and a willingness amongst policy makers to avoid inflationary policy measures. ... After almost a decade of Papandreou policies, inflation in Greece became deep-rooted. Economic policies since the late 1980's have recognized the shortcomings of Greece's inflation performance and partly as a result of pressure from the European Un...

• Word Count: 1623
• Approx Pages: 6
• Grade Level: High School

Welfare is one of America's most important social policies aimed at helping the poor. ... Over the last five years, welfare caseloads have become predominantly urban according to a report done by the Brookings Institution Center on Urban and Metropolitan Policy. ... Because the poverty population is disproportionately concentrated in big cities, the cities are obligated to spend more of their own fiscal resources per resident to combat poverty as compared to smaller cities, especially most suburbs with a lower percentage of poor residents. ... The Personal Responsibility and Work Opport...

• Word Count: 1729
• Approx Pages: 7

Monetary policy is the main line of defence for government to tackle inflation as it is the fastest to affect the economy while fiscal policy plays a support role in maintaining low inflation. ... Other factors such as stance on macroeconomic policies, economic constraints, technology advancement and the inflexibility of the labour market will also affect the level of unemployment. ...

• Word Count: 1503
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

With the unemployment rate still near ten percent in the United States (Romer, 2010), and of those unemployed almost half have been out of work for over 26 weeks (Policy and Practice, 2010), the issue is the nation's well being, not its expenditures. ... He was seeking to defend his policies on stimulus spending and his promotion of programs such as his Troubled Asset Relief Program (TARP). Critics claim that the spending by the current government on bailouts and the TARP were fiscally irresponsible and did not have that much of an effect on the economy. ...

• Word Count: 1700
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School

This may be due to the government and central banks introducing wide-ranging policies, including sizeable fiscal stimulus, large reductions in policy interest rates, guarantees of bank debt issuance, and in some cases, sizeable government ownership of troubled financial institutions. ...

• Word Count: 2267
• Approx Pages: 9
• Has Bibliography
• Grade Level: Undergraduate

The economic stimulus applied by the Australian government to promote recovery included expansionary monetary policy, with fifteen cuts in interest rates between January 1990 and July 1993. ... Fiscal policies were also applied with One Nation Statement released in February 1992, providing 2.3billion dollars of extra spending and tax cuts to promote recovery and confidence in the econom...

• Word Count: 2293
• Approx Pages: 9
• Grade Level: Undergraduate