WordNet
n. a government policy for maintaining economic growth and tax revenues
Wikipedia
Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labor market, national ownership, and many other areas of government interventions into the economy.
Most factors of economic policy can be divided into either fiscal policy, which deals with government actions regarding taxation and spending, or monetary policy, which deals with central banking actions regarding the money supply and interest rates.
Such policies are often influenced by international institutions like the International Monetary Fund or World Bank as well as political beliefs and the consequent policies of parties.
Economic Policy is a quarterly peer-reviewed academic journal published by Wiley-Blackwell on behalf of the Centre for Economic Policy Research, the Center for Economic Studies ( University of Munich), and the Paris School of Economics. The journal was established in 1985 and covers international economic policy topics such as macroeconomics, microeconomics, the labour market, trade, exchange rate, taxation, economic growth, government spending, and migration.
According to the Journal Citation Reports, the journal has a 2013 impact factor of 2.875, ranking it 22nd out of 333 journals in the category "Economics".
Usage examples of "economic policy".
Part of the drop in oil prices was a result of overproduction by OPEC countries, such as Kuwait and the United Arab Emirates (UAE), which not only profited from their overproduction but were pursuing a long-term economic policy of trying to increase global dependence on oil by depressing prices.
Clearly, economic policy making, at least in this environment, was not science, and if it was art, it had to be beautiful in the eyes of the beholders in the bond market.
It is up to the Crown (actually, the Cabinet), and not the Commons, to initiate economic policy and propose budgets, and the Crown has an additional discretionary fund drawn from the extensive Crown lands and industrial holdings, but the Crown and Lords both know that they cannot long defy the Commons if the lower house decides to withhold budget approval.
Our entire economic policy of the past months was only intended to force a change in their attitude without war.
Our actual economic policy is a mixture of protectionist, interventionist, free market and liberal measures.
By then my case was bolstered by the success of our economic policy: nearly eight million new jobs had been created since the inauguration and a record number of new businesses had been started for three years in a row.
After a brief visit with Hillary and Chelsea, in which he reminded them that he was raised a Quaker and that his daughters, like Chelsea, had gone to Sidwell Friends School, he got down to business, saying I would be remembered as President more for what I did with Russia than for my economic policy.
Every shift in economic policy, every increase or decrease in funding for Head Start, every toughening of criminal sentences is an experiment.
There he is undermining the political powers that shape American economic policy for international trade.
When I said Bush had made news in the first debate by saying he would put James Baker in charge of economic policy, but I would make news by putting myself in charge of economic policy, Bush got off a good line: “.
POPPA's so-called party platform was a wildly jumbled hodgepodge of rabid environmentalism, unsupportable social engineering schemes with no basis in reality, and an economic policy that was, at best, a schizophrenic disaster begging the egg for a chance to wreak uncountable chaos.