Fiscal vs Monetary Policy What is Fiscal Policy? Fiscal policy is essentially how the government decides to collect and spend money to impact the economy. This is studied in Macroeconomics to better understand the relationship between the economy and governmental influence. The study of fiscal policy is useful in speculating the reaction to changes in
See Also: Economic Indicators Consumer Price Index Supply and Demand Elasticity The Feds Beige Book Z-Score Model What is Inflation? What is inflation and what does it measure? Inflation measures the rate at which prices increase for consumer goods and services. Inflation also measures the rate at which a currency’s purchasing power declines. If consumer
Recently I heard Bill Sherrill speak regarding his economic forecast for 2013 and the economic drivers impacting that forecast. For those of you who don’t know Bill, he is the Founder of the Wolff Center for Entrepreneurship and twice appointed Governor of the U.S. Federal Reserve Board. In his presentation, Mr. Sherrill presented the best
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