What is the difference between fiscal policy and monetary policy? Is deficit spending monetary policy? We have done a lot of deficit spending since 2008. Has it worked?© BrainMass Inc. brainmass.com March 5, 2021, 12:18 am ad1c9bdddf
What is the difference between fiscal policy and monetary policy?
Fiscal and monetary policies are instruments that are used by the government to either stimulate economic growth or to slow down the rate of economic activities in the country. Monetary policy refers to the activities that are designed to achieve macroeconomic objectives that include: controlling the supply of money in the economy, strengthening the banking system, stabilizing the country's economy, and achieving full employment. Monetary policy in the United States ...