What does policy mix mean?
Definitions for policy mix
pol·i·cy mix
This dictionary definitions page includes all the possible meanings, example usage and translations of the word policy mix.
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Wiktionary
policy mixnoun
the combination of fiscal and monetary policies, especially their perceived relative importance
Wikipedia
Policy mix
The policy mix is the combination of a country's monetary policy and fiscal policy. These two channels influence growth and employment, and are generally determined by the central bank and the government (e.g., the United States Congress) respectively.Ideally, the policy mix should aim at maximizing growth and minimizing unemployment and inflation. However, central banks and governments are sometimes theorized to have different time horizons, with the elected governments having a shorter horizon. Both can have other objectives and must adhere to some constraints – obeying a deficit rule, securing the financial sector, courting popularity, etc. – diverting them from these primary objectives. Monetary policy is typically carried out by the central bank, which controls interest rates and the money supply to balance the outcomes for inflation and unemployment. The government influences labour market conditions, public investment, public spending, and discretionary fiscal policy. Central bank independence is generally held to be positive, because it prevents a single authority from simultaneously issuing debt and paying it off with newly created money, which would be inflationary.
Wikidata
Policy mix
The policy mix is the combination of the monetary policy and the fiscal policy of a country. These two channels influence growth and employment, and are generally determined by the central bank and the government respectively. Ideally, the policy mix should aim at maximizing growth and minimizing unemployment. However, the central banks and governments are sometimes theorized to have different time horizons, with the elected governments having a shorter time range. Both can have other objectives and must apply to some constraints, diverting them from these primary objectives: obeying a deficit rule, securing the financial sector, courting popularity, etc. Monetary policy is typically accomplished by the central bank which, by the control of interest rates and the money supply, balances control of inflation and unemployment. The government determines labour market conditions, public investment and public spending, automatic stabilizers and in severe recessions possibly discretionary fiscal policy. Central bank independence is generally held to be positive, because it prevents a single authority from simultaneously issuing debt and paying it off with newly created money, which would result in severe inflation.
Numerology
Chaldean Numerology
The numerical value of policy mix in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of policy mix in Pythagorean Numerology is: 9
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"policy mix." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/policy+mix>.
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