What's it: Structural policies are government policies that influence the potential output and influence the private sector's choice to allocate economic resources. Long story short, it is a policy to influence long-run aggregate
Economic Policy
Government Intervention: Examples, Reasons, and Impacts
What's it: Government intervention refers to the government's deliberate actions to influence resource allocation and market mechanisms. It can take many forms, from regulations, taxes, subsidies, to monetary and fiscal policy. In some
Abenomics: Concept and Types of Programs
What's it: Abenomics refers to the Japanese prime minister's economic policies, Shinzo Abe. The naming is similar to Obamanomics proposed by Barack Obama, Clintonomics by Bill Clinton, and Reaganomics by Ronald Reagan. When Prime
Trickle-Down Effect: Meaning, How it Works, Effects, Criticism
What's it: Trickle-down effect is an economic concept in which giving concessions to the rich or capital owners will ultimately encourage economic growth. Economic policy should focus on them. By doing so, they will create more jobs and
Supply-Side Policy: Concepts, Tools, Advantages, and Disadvantages
What's it: A supply-side policy is a type of economic policy in which the main focus is on aggregate supply. It seeks to increase the productivity, efficiency, and potential capacity of an economy. These policies can involve
Fiscal Policy: Types, Pros and Cons
Fiscal policy is a macroeconomic policy to influence the economy by using budgetary instruments such as taxes and government expenditure. It complements monetary policy in affecting the economy. Both are demand-side policies
Monetary Policy: Purposes, Tools, Types
Monetary policy is a macroeconomic policy to influence the money supply and credit in the economy. The central bank or monetary authority is responsible for implementing it. Purpose of monetary policy Monetary policy aims to influence