Chapter 7 Macroeconomic Policies 且经济学院1
1 Chapter 7 Macroeconomic Policies 0 10 20 30 40 90 91 92 93 94 95 96 97 98 99 00
Topics to be Discussed o7.1 Fiscal policies and effects o7.2 Monetary policies and effects ⊙73 Policy mix o,4 Economic fluctuation and eliminating the fluctuations with economic policies o7.5 Macroeconomic policy practice 友学经济学院
Topics to be Discussed 7.1 Fiscal policies and effects 7.2 Monetary policies and effects 7.3 Policy mix 7.4 Economic fluctuation and eliminating the fluctuations with economic policies 7.5 Macroeconomic policy practice
7.1 Fiscal Policy and Effects o Concept of fiscal policy Fiscal policy is the macroeconomic policy that the government implements by adjusting the aggregate demand to control unemployment, inflation and to realize economic growth and the balance of international payments 友学经济学院
7.1 Fiscal Policy and Effects Concept of fiscal policy ❖ Fiscal policy is the macroeconomic policy that the government implements by adjusting the aggregate demand to control unemployment, inflation and to realize economic growth and the balance of international payments
7.1 Fiscal Policy and Effects o Instruments ÷ Government purchase Government transfer . Taxation Government bond 友学经济学院
7.1 Fiscal Policy and Effects ⚫ Instruments ❖ Government purchase ❖ Government transfer ❖ Taxation ❖ Government bond
7.1 Fiscal Policy and Effect ⊙ Automatic stabilizer Also named interior stabilizer. It's a kind of mechanism existing in economic system Which can counteract the effects of shocks on output 友学经济学院
Automatic stabilizer ❖ Also named interior stabilizer. It’s a kind of mechanism existing in economic system which can counteract the effects of shocks on output. 7.1 Fiscal Policy and Effect