Fiscal policy
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In economics and political science, fiscal policy is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy. According to Keynesian economics, when the government changes the levels of taxation and government spending, it influences aggregate demand and the level of economic activity. Fiscal policy is often used to stabilize the economy over the course of the business cycle.
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See also
- Econometrics
- Fiscal Observatory of Latin America and the Caribbean
- Fiscal policy of the United States
- Fiscal union
- Functional finance
- Interaction between monetary and fiscal policies
- National fiscal policy response to the late 2000s recession
- Policy mix
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