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:
“Three factors—the belief that child care is female work, the failure of ex-husbands to support their children, and higher male wages at work—have taken the economic rug from under that half of married women who divorce.”
—Arlie Hochschild (20th century)
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