by Summary:
Economists often point out that, when spending and output growth in the private sector is moving really fast either up or down, the government can offset this. This fiscal offset can act as a stabilizing force in that it prevents the economy from overheating when private sector growth is running hot, It can also prevent a depression when private sector spending and output is collapsing. But sometimes, governments choose to mimic the private sector and amplify the trend in the economy. This is called pro-cyclicality – and in worst case scenarios, it can be quite destabilizing.... Credit Writedowns What is pro-cyclical fiscal policy? Edward Harrison
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Mike Norman considers the following as important: fiscal policy, pro-cyclical
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Economists often point out that, when spending and output growth in the private sector is moving really fast either up or down, the government can offset this. This fiscal offset can act as a stabilizing force in that it prevents the economy from overheating when private sector growth is running hot, It can also prevent a depression when private sector spending and output is collapsing. But sometimes, governments choose to mimic the private sector and amplify the trend in the economy. This is called pro-cyclicality – and in worst case scenarios, it can be quite destabilizing.... Credit Writedowns What is pro-cyclical fiscal policy? Edward Harrison
Topics:
Mike Norman considers the following as important: fiscal policy, pro-cyclical
This could be interesting, too:
Nick Falvo writes Ten things to know about the 2023-24 Alberta budget
Jeremy Smith writes Settling the public sector pay disputes now – modest cost, big benefits
Jeremy Smith writes Settling the public sector pay disputes now – modest cost, big benefits
Jeremy Smith writes Settling the public sector pay disputes now – modest cost, big benefits
Economists often point out that, when spending and output growth in the private sector is moving really fast either up or down, the government can offset this. This fiscal offset can act as a stabilizing force in that it prevents the economy from overheating when private sector growth is running hot, It can also prevent a depression when private sector spending and output is collapsing. But sometimes, governments choose to mimic the private sector and amplify the trend in the economy. This is called pro-cyclicality – and in worst case scenarios, it can be quite destabilizing....Credit Writedowns
What is pro-cyclical fiscal policy?
Edward Harrison