Macroeconomic policy instruments refer to macroeconomic quantities that can be directly controlled by an economic policy maker. Instruments can be divided into two subsets: a) Monetary policy instruments and b) Fiscal policy instruments. Monetary policy is conducted by the Federal Reserve or the central bank of a country or supranational region (Euro zone). Fiscal policy is conducted by the Executive and Legislative Branches of the Government and deals with managing a nation’s Budget.
Read more about Macroeconomic Policy Instruments: Monetary Policy, Fiscal Policy, History
Famous quotes containing the words policy and/or instruments:
“The Oregon [matter] and the annexation of Texas are now all- important to the security and future peace and prosperity of our union, and I hope there are a sufficient number of pure American democrats to carry into effect the annexation of Texas and [extension of] our laws over Oregon. No temporizing policy or all is lost.”
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