Fiscal Policy #2
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4 Terms
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Fiscal Policy In Reality
1) What is the current state of the economy?
2) Unpredictable Checks
3) Change in G is not immediate.
4) Expectations and consumer confidence are unpredictable.
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1) What is the current state of the economy?
monthly, quarterly, annually data
contracting; revised especially for leading indicators.
— (consumer confidence, durable goods, housing investments)
3
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2) Unpredictable Checks
tsunamis, oil prices, viruses, geo-politics
4
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Automatic Stabilizers
progressive taxes
welfare & unemployment
consumption is sticky
Note 
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