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Fiscal policy - Wikipedia

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In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation and to increase employment. In modern economies, inflation is conventionally considered "healthy" in the range of 2%–3%. Additionally, it is

Fiscal policy - Wikipedia Jump to content From Wikipedia, the free encyclopedia Use of government revenue collection and expenditure to influence a country's economy This article is part of a series on Public finance Policies Agricultural Economic Energy Industrial Investment Social Trade Fiscal Monetary Policy mix Fiscal policy Budget policy Debt internal Deficit / surplus Finance ministry Fiscal gap Fiscal transparency Fiscal union Revenue Spending deficit Redistribution Tax Monetary policy Bank reserves requirements Discount window Gold reserves Interest rate Monetary authority central bank

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