Fiscal policy/Related Articles

See also changes related to Fiscal policy, or pages that link to Fiscal policy or to this page or whose text contains "Fiscal policy".

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Parent topics

• Economics [r]: The analysis of the production, distribution, and consumption of goods and services. ^[e]
• Macroeconomics [r]: The study of the behaviour of the principal economic aggregates, treating the national economy as an open system. ^[e]

Related topics

• Public expenditure [r]: Spending by the public sector ^[e]
• Taxation [r]: The transfer of resources from the community to the government. ^[e]
• National debt [r]: The external obligations of the government and public sector agencies (otherwise known as national debt or government debt). ^[e]
• Monetary policy [r]: The economic policy instrument that is regularly used to stabilise the economy, and that has sometimes been used as a temporary expedient to relieve severe credit shortages. ^[e]

Glossary

• Automatic stabilisers [r]: the tendency in times of falling economic activity for the government spending to rise, and for tax receipts to fall - and the reverse tendency in times of rising economic activity ^[e]
• Budget deficit [r]: the excess of a government's expenditures over its receipts. See also cyclically-adjusted budget deficit ^[e]
• Crowding out [r]: A fall in private sector investment resulting from an increase in government borrowing. ^[e]
• Debt trap [r]: the situation in which the national debt continues to grow faster than national income so that more and more of the government’s budget has to be devoted to interest payments. ^[e]
• Fiscal adjustment [r]: The change in the primary budget balance required to meet a specified criterion (usually a requirement to return to fiscal sustainability). ^[e]
• Fiscal stimulus [r]: a reduction in taxation for the purpose of raising economic output, or an increase in government spending for that purpose. ^[e]
• Fiscal gap [r]: the size of the primary budget surplus (expressed as a percent of GDP) that is required to achieve fiscal sustainability by immediate compliance with the requirement that the national debt be maintained at or below its existing percentage of GDP. ^[e]
• Fiscal sustainability [r]: A government's continuing ability to service its debt without unrealistically large future corrections to its balance of income and expenditure. ^[e]
• Generational accounts [r]: accounts that are constructed by extrapolating current policies through the lifetimes of all people currently alive, and by calculating the net taxes they would pay under those policies. The results are sensitive to the method of extrapolation. ^[e]
• Monetisation (of public debt) [r]: A government's sale of its own securities to the country's central bank in order to obtain funds that are used to redeem its public debt - resulting in an expansion of the bank's monetary base, and consequently of the country's money supply. ^[e]
• Money supply [r]: the economy's stock of those assets that can be quickly exchanged for goods and services. ^[e]
• Primary budget deficit [r]: the budget deficit excluding payments of interest on the national debt. ^[e]
• Ricardian equivalence [r]: the argument that government spending will not increase demand because it will prompt taxpayers to save an equivalent amount in anticipation of a resulting tax increase. ^[e]
• Sovereign default [r]: Add brief definition or description