1945

Fiscal policy is conventionally used in developed economies as an aggregate demand management tool to counteract fluctuations in income, employment, prices and the balance of payments. The term “ stabilization” has thus acquired multiple connotations. Whichever of these connotations may be accorded to the stabilization problem in a particular situation, the concern of fiscal policy in the developed economies remains essentially the regulation of demand conditions at the macro level.

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
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