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'''Macroeconomic policy''' is concerned with the use of the instruments of [[fiscal policy]] and [[monetary policy]] to counter the destabilising effects upon the eco

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* Discretionary [[fiscal policy]] is rejected as an instrument of demand management.

The concept of [[fiscal sustainability]] is often used in discussing [[fiscal policy]] but it is absence is not directly observable. [[Fiscal instability]], on ...hey could would exceed the revenue that could be raised by taxation. The [[Fiscal policy/Tutorials#The debt trap identity|debt trap identity]] establishes that the

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...Secretary of the Treasury''' is a Cabinet member charged with developing [[fiscal policy]] for the [[United States of America]] and overseeing the [[Department of t

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'''Fiscal policy''' encompasses [[public expenditure]], [[taxation]] and borrowing. Its esse ...istakenly believe to be beneficial). It is implicit in that criterion that fiscal policy may be employed only if it can be expected to provide a greater net benefit

===Fiscal policy === In the case of a expansionary fiscal policy, the government increases its purchases or reduces taxes, which creates a b

...icit, see the article on [[Fiscal policy/Tutorials#"Structural" deficits| fiscal policy]]</ref> of 2.7 per cent of GDP, which the recession had extended to about ...ion of fiscal sustainability, see the article on [[Fiscal policy/Tutorials|fiscal policy]].</ref>.

- [[Fiscal policy#Political constraints|balanced budget amendment]] - [[fiscal policy/Tutorials#The debt trap identity|debt trap]]

...http://www.hm-treasury.gov.uk/prebud_pbr08_index.htm]; suspension of the [[Fiscal policy/Addendum#The UK's Code for Fiscal Stability|code for fiscal stability]]. Un * May: IMF assessment of UK fiscal policy[http://www.imf.org/external/np/ms/2009/052009a.htm] "''The aggressive actio

...ml/prddr/trans/so99/pg23.htm Tuomas Komulainen: ''Stable Ruble Needs Sound Fiscal Policy'', World Bank Group, 2001]</ref>. To make matters worse, a fall in the wor

Demand management involves the use of [[fiscal policy]] or [[monetary policy]] to stimulate the economy when it growth rate is ex

...atic stabilisers]] and, to a lesser extent, as a result of discretionary [[fiscal policy]], and the levels of debt owed by the governments of the industrial govern ...ctice, the governments of the G20 group of major economies agreed to use [[fiscal policy]] in order to stimulate demand by tax cuts and increases of [[public expend