Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government budget as well as the labor market, national ownership, and many other areas of government interventions into the economy.
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.
Read more about Economic Policy: Types of Economic Policy, Macroeconomic Stabilization Policy, Tools and Goals, Discretionary Policy Vs Policy Rules, Economic Policy Through History
Famous quotes containing the words economic and/or policy:
“It does not follow, because our difficulties are stupendous, because there are some souls timorous enough to doubt the validity and effectiveness of our ideals and our system, that we must turn to a state controlled or state directed social or economic system in order to cure our troubles.”
—Herbert Hoover (1874–1964)
“It is always the best policy to speak the truth, unless of course you are an exceptionally good liar.”
—Jerome K. Jerome (1859–1927)