Category
page 1Macroeconomic policy
monetary policy
subclass of the economic policy
full employment
state of economy without involuntary unemployment
Lucas critique
conceptual critique of macroeconomic models of the 1960s, that the decision rules of Keynesian models cannot be considered as structural, i.e. invariant with respect to changes in government policy
reflation
Reflation is used to describe a return of prices to a previous rate of inflation. One usage describes an act of stimulating the economy by increasing the money supply or by reducing taxes, seeking to bring the economy (specifically the price level) back up to the long-term trend, following a dip in the business cycle. It is the opposite of disinflation, which seeks to return the economy back down to the long-term trend.
automatic stabilizer
Self-adjusting fiscal tools for economic stability
Macroprudential regulation
regulation designed to mitigate systemic financial risk
incomes policy
economy-wide wage and price controls
Policy mix
combination of a country's monetary and fiscal policy
stabilization policy
package or set of measures introduced to stabilize a financial system or economy
General Maximum
Law enacted during the French Revolution