|
Post by James AFC Telford on Apr 29, 2004 17:38:53 GMT 1
Can any of you boffins post definitions of Tight and Loose Fiscal Policy in economic terms!! I aint got a clue!!!!
|
|
|
Post by MartinB on Apr 29, 2004 17:46:28 GMT 1
The timing of your message isn't very good. I suspect the people who will have a clue are travelling at the moment. Try again in the morning if you don't get any other replies
|
|
|
Post by True_Shrew on Apr 29, 2004 17:52:22 GMT 1
|
|
|
Post by James AFC Telford on Apr 29, 2004 18:05:29 GMT 1
Ta true shrew. Any further responses would be good as i need to draw up an essay on it. WOW!!!
|
|
|
Post by SeanBroseley on Apr 29, 2004 18:46:10 GMT 1
As someone with an economics degree I feel I have a moral responsibility here.
When do you need this info for, I can't think about this until 8pmish.
|
|
|
Post by James AFC Telford on Apr 29, 2004 18:50:37 GMT 1
No rush, not till a week today. I await your response.
Thanks In Advance
|
|
|
Post by SeanBroseley on Apr 29, 2004 21:54:16 GMT 1
Can any of you boffins post definitions of Tight and Loose Fiscal Policy in economic terms!! I aint got a clue!!!! I can explain what these are: Fiscal policy: A Government's policy as to its expenditure and income. Fiscal policy is used by government in a variety of ways: 1) To provide services that may not be well provided by the free market. 2) Meeting social goals. 3) Influencing the economic behaiour of individuals and companies. 4) Manage the overall level of demand for goods and services in the economy, and so the degree of economic activity and the rate of inflation. Its point 4 that seems most relevant for your essay. Demand managemen is generally attaemoted through countercyclical policy. Govt aims to smoothout the more extreme patterns of the business cycle by dampening demand in a boom and boosting it in recession. This can be done in a boom either through raising taxes or cutting spending. This is a tight fiscal policy. The Government will be running a surplus of income above expenditure. In a recession a government may lower taxes or increase spending. This is a loose fiscal policy. The Government will be running a deficit of income below expenditure. Those are the basics.
|
|
|
Post by James AFC Telford on Apr 29, 2004 22:00:39 GMT 1
Cheers Sean!! Now all i need to do is write the damn essay
|
|
|
Post by True_Shrew on Apr 29, 2004 22:02:06 GMT 1
Show off
|
|
|
Post by SeanBroseley on Apr 29, 2004 22:04:25 GMT 1
Cheers Sean!! Now all i need to do is write the damn essay If you need any expansion on that then please let me know. Bed time story for the youngest and then I'm proof-reading Monday's programme. I like chilling out in the evening after a hard day at work.
|
|