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Reading 41: Fiscal and monetary policies, (Sancino, 2017.p,) - Coggle…
Reading 41: Fiscal and monetary
policies
1 Fiscal policy
definitions
policies types
‘restrictive fiscal policy’
‘expansive
fiscal policy’.
the multiplier effect
demand supply aimed by policies
aggregate
supply
aggregate
demand (AD)
theories
neoclassical economic theory
the market ‘self-correct’
Keynesian approach
Fiscal policies interrelated factors
. the trend of the business cycle
recession
increased public expenditure
reduced levels of
taxation
growing
. the level of taxation
. the level of public debt.
2 Monetary policy
definition
Monetary policy
the central banks
the characteristic of central banks
Monetary policies types
‘expansive monetary policy’
that effects
the aim
other
policy tools.
Quantitative easing
‘restrictive monetary policy’
definition
that effect
higher interest rate
lower interest rate
that aims
(Sancino, 2017.p,)