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Economic policy

Index Economic policy

The economic policy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the economy. [1]

72 relations: Aggregate demand, Austrian School, Bank of England, Bond (finance), Budget process, Business cycle, Capital market, Coin, Competition law, Constitutional economics, Demand management, Development economics, Discretionary policy, Distribution (economics), Dynamic inconsistency, Economic growth, European Central Bank, European Exchange Rate Mechanism, Exchange rate, Factors of production, Federal Reserve Bank, Fiscal policy, Gold, Golden Rule (fiscal policy), Government, Government budget, Government budget balance, Government spending, Incomes policy, Industrial policy, Inflation, Interest rate, International Monetary Fund, International organization, John Maynard Keynes, Keynesian economics, Labour economics, Mercantilism, Military, Military budget, Monetary policy, Monetary system, Money, Money multiplier, Money supply, Nationalization, Navigation Acts, Policy, Political party, Politics, ..., Price controls, Ptolemaic Kingdom, Pyramid, Regulation, Reserve Bank of Australia, Reserve requirement, Road, Silver, Stability and Growth Pact, Stabilization policy, Stock, Supply-side economics, Tariff, Tax, Trade, Trade agreement, Trade union, Unemployment, Unemployment benefits, Unfree labour, World Bank, 1973–75 recession. Expand index (22 more) »

Aggregate demand

In macroeconomics, aggregate demand (AD) or domestic final demand (DFD) is the total demand for final goods and services in an economy at a given time.

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Austrian School

The Austrian School is a school of economic thought that is based on methodological individualism—the concept that social phenomena result from the motivations and actions of individuals.

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Bank of England

The Bank of England, formally the Governor and Company of the Bank of England, is the central bank of the United Kingdom of Great Britain and Northern Ireland and the model on which most modern central banks have been based.

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Bond (finance)

In finance, a bond is an instrument of indebtedness of the bond issuer to the holders.

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Budget process

A budget process refers to the process by which governments create and approve a budget, which is as follows.

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Business cycle

The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend.

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Capital market

A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold.

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Coin

A coin is a small, flat, (usually) round piece of metal or plastic used primarily as a medium of exchange or legal tender.

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Competition law

Competition law is a law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies.

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Constitutional economics

Constitutional economics is a research program in economics and constitutionalism that has been described as explaining the choice "of alternative sets of legal-institutional-constitutional rules that constrain the choices and activities of economic and political agents".

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Demand management

Demand management is a planning methodology used to forecast, plan for and manage the demand for products and services.

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Development economics

Development economics is a branch of economics which deals with economic aspects of the development process in low income countries.

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Discretionary policy

In macroeconomics, discretionary policy is an economic policy based on the ad hoc judgment of policymakers as opposed to policy set by predetermined rules.

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Distribution (economics)

In economics, distribution is the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labour, land, and capital).

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Dynamic inconsistency

In economics, dynamic inconsistency or time inconsistency is a situation in which a decision-maker's preferences change over time in such a way that a preference can become inconsistent at another point in time.

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Economic growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

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European Central Bank

The European Central Bank (ECB) is the central bank for the euro and administers monetary policy of the euro area, which consists of 19 EU member states and is one of the largest currency areas in the world.

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European Exchange Rate Mechanism

The European Exchange Rate Mechanism (ERM) was a system introduced by the European Economic Community on 13 March 1979, as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe, in preparation for Economic and Monetary Union and the introduction of a single currency, the euro, which took place on 1 January 1999.

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Exchange rate

In finance, an exchange rate is the rate at which one currency will be exchanged for another.

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Factors of production

In economics, factors of production, resources, or inputs are which is used in the production process to produce output—that is, finished goods and services.

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Federal Reserve Bank

A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States.

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Fiscal policy

In economics and political science, fiscal policy is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy.

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Gold

Gold is a chemical element with symbol Au (from aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally.

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Golden Rule (fiscal policy)

The Golden Rule is a guideline for the operation of fiscal policy.

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Government

A government is the system or group of people governing an organized community, often a state.

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Government budget

A government budget is an annual financial statement presenting the government's proposed revenues and spending for a financial year that is often passed by the legislature, approved by the chief executive or president and presented by the Finance Minister to the nation.

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Government budget balance

A government budget is a financial statement presenting the government's proposed revenues and spending for a financial year.

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Government spending

Government spending or expenditure includes all government consumption, investment, and transfer payments.

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Incomes policy

Incomes policies in economics are economy-wide wage and price controls, most commonly instituted as a response to inflation, and usually seeking to establish wages and prices below free market level.

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Industrial policy

The industrial policy of a country, sometimes denoted IP, is its official strategic effort to encourage the development and growth of part or all of the manufacturing sector as well as other sectors of the economy.

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Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

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Interest rate

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum).

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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International organization

An international organization is an organization with an international membership, scope, or presence.

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John Maynard Keynes

John Maynard Keynes, 1st Baron Keynes (5 June 1883 – 21 April 1946), was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

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Keynesian economics

Keynesian economics (sometimes called Keynesianism) are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total demand in the economy).

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Labour economics

Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.

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Mercantilism

Mercantilism is a national economic policy designed to maximize the trade of a nation and, historically, to maximize the accumulation of gold and silver (as well as crops).

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Military

A military or armed force is a professional organization formally authorized by a sovereign state to use lethal or deadly force and weapons to support the interests of the state.

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Military budget

A military budget (or military expenditure), also known as a defense budget, is the amount of financial resources dedicated by a state to raising and maintaining an armed forces or other methods essential for defense purposes.

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Monetary policy

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

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Monetary system

A monetary system is the set of institutions by which a government provides money in a country's economy.

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Money

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.

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Money multiplier

In monetary economics, a money multiplier is one of various closely related ratios of commercial bank money to central bank money under a fractional-reserve banking system.

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Money supply

In economics, the money supply (or money stock) is the total value of monetary assets available in an economy at a specific time.

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Nationalization

Nationalization (or nationalisation) is the process of transforming private assets into public assets by bringing them under the public ownership of a national government or state.

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Navigation Acts

The Navigation Acts were a series of English laws that restricted colonial trade to England.

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Policy

A policy is a deliberate system of principles to guide decisions and achieve rational outcomes.

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Political party

A political party is an organised group of people, often with common views, who come together to contest elections and hold power in government.

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Politics

Politics (from Politiká, meaning "affairs of the cities") is the process of making decisions that apply to members of a group.

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Price controls

Price controls are governmental restrictions on the prices that can be charged for goods and services in a market.

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Ptolemaic Kingdom

The Ptolemaic Kingdom (Πτολεμαϊκὴ βασιλεία, Ptolemaïkḕ basileía) was a Hellenistic kingdom based in Egypt.

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Pyramid

A pyramid (from πυραμίς) is a structure whose outer surfaces are triangular and converge to a single point at the top, making the shape roughly a pyramid in the geometric sense.

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Regulation

Regulation is an abstract concept of management of complex systems according to a set of rules and trends.

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Reserve Bank of Australia

The Reserve Bank of Australia (RBA), on 14 January 1960, became the Australian central bank and banknote issuing authority, when the Reserve Bank Act 1959 (23 April 1959) removed the central banking functions from the Commonwealth Bank.

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Reserve requirement

The reserve requirement (or cash reserve ratio) is a central bank regulation employed by most, but not all, of the world's central banks, that sets the minimum amount of reserves that must be held by a commercial bank.

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Road

A road is a thoroughfare, route, or way on land between two places that has been paved or otherwise improved to allow travel by foot or some form of conveyance, including a motor vehicle, cart, bicycle, or horse.

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Silver

Silver is a chemical element with symbol Ag (from the Latin argentum, derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47.

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Stability and Growth Pact

The Stability and Growth Pact (SGP) is an agreement, among the 28 member states of the European Union, to facilitate and maintain the stability of the Economic and Monetary Union (EMU).

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Stabilization policy

A stabilization policy is a package or set of measures introduced to stabilize a financial system or economy.

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Stock

The stock (also capital stock) of a corporation is constituted of the equity stock of its owners.

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Supply-side economics

Supply-side economics is a macroeconomic theory arguing that economic growth can be most effectively created by lowering taxes and decreasing regulation.

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Tariff

A tariff is a tax on imports or exports between sovereign states.

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Tax

A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.

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Trade

Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money.

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Trade agreement

A trade agreement (also known as trade pact) is a wide ranging taxes, tariff and trade treaty that often includes investment guarantees.

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Trade union

A trade union or trades union, also called a labour union (Canada) or labor union (US), is an organization of workers who have come together to achieve many common goals; such as protecting the integrity of its trade, improving safety standards, and attaining better wages, benefits (such as vacation, health care, and retirement), and working conditions through the increased bargaining power wielded by the creation of a monopoly of the workers.

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Unemployment

Unemployment is the situation of actively looking for employment but not being currently employed.

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Unemployment benefits

Unemployment benefits (depending on the jurisdiction also called unemployment insurance or unemployment compensation) are payments made by the state or other authorized bodies to unemployed people.

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Unfree labour

Unfree labour is a generic or collective term for those work relations, especially in modern or early modern history, in which people are employed against their will with the threat of destitution, detention, violence (including death), compulsion, or other forms of extreme hardship to themselves or members of their families.

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World Bank

The World Bank (Banque mondiale) is an international financial institution that provides loans to countries of the world for capital projects.

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1973–75 recession

The 1973–75 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the overall Post–World War II economic expansion.

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Economic issues, Economic policies, Economic tool, Financial policies, Financial policy, Government Economic Policy.

References

[1] https://en.wikipedia.org/wiki/Economic_policy

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