Countercyclical Macroeconomic Policy - The Role of Countercyclical Policies in Economic Fluctuations
3 important questions on Countercyclical Macroeconomic Policy - The Role of Countercyclical Policies in Economic Fluctuations
What are Countercyclical Policies?
An attempt to reduce the intensity of economic fluctuations by smoothing growth rates of employment, GDP and prices
What is Countercyclical Monetary Policy?
Attempts conducted by the central bank to reduce economic fluctuations by manipulating bank reserves and interest rates.
What is Countercyclical Fiscal Policy?
An attempt to reduce economic fluctuations by manipulating government expenditures and taxes.
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