Macroeconomics, Fiscal policy, Public finance
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Macroeconomics, Fiscal policy, Public finance

836818

  • High School
  • 1595

Short excerpt:

Discretionary fiscal policy is one of the tools that the government can use in helping the economy recover from recession. In fact, discretionary fiscal policy is so important that some even suggest for it to have an automatic trigger, where it can combat circumstances that can make it ineffective, such as time lag. The purpose of this paper is to explain the advantages and disadvantages of having an automatic trigger for discretionary fiscal policy. Specifically, this paper seeks to look at how fiscal policy will affect the economy when there is an IS or MP shock. Perhaps, one of the benefits of having this new policy is that it can help the economy to maintain the level of output in the presence of an IS or MP shock without suffering from time lag. However, this policy has some

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