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Are you living in the USA? Most people would think that fiscal policy is on the list. I do understand the perspective in the USA: paralysis in Congress means th
by lkrubner 11y ago
Are you living in the USA? Most people would think that fiscal policy is on the list. I do understand the perspective in the USA: paralysis in Congress means that fiscal policy is off the table. And in countries like Greece, fiscal policy is now limited by the deals that Greece can work out with its creditors. But in most countries, fiscal policy is the biggest lever. Look at Japan. Look at China. They engaged in huge investment schemes. Or, on the opposite side, look at France, or Sweden, or Spain.
- Spooky23 11y agoUS fiscal policy, depending on how you define that, is mostly executed by the Federal Reserve, which is a quasi governmental entity not directly managed by congress.
- lkrubner 11y agoYou are thinking of monetary policy. Fiscal policy is when Congress passes a spending bill and the President signs it into law.