🌐 Entity

Fiscal policy

Use of government revenue collection and expenditure to influence a country's economy

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Monetary Policy (2)
Political stability (1)
Economic policy (1)
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Fiscal Policy (1)
Economic Conditions (1)
Fiscal Strategy (1)
Economic Recovery (1)
Inflation Control (1)
EU Integration (1)
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Fiscal policy (3) · Rachel Reeves (1) · Spring forecast (1) · UK economy (1) · Labour government (1) · Political turmoil (1) · Economic growth (1) · Securonomics (1) · BOJ (1) · Interest Rates (1) · Fiscal Policy (1) · Kuroda (1) · Japan Economy (1) · Monetary Tightening (1) · Inflation (1) · IMF (1) · Japan interest rates (1) · Sales tax policy (1) · Inflation control (1) · Economic recovery (1)

📖 Key Information

In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity.