France approves soda tax

France's top constitutional body on Wednesday approved a new tax on sugary drinks that aims to fight obesity while giving a boost to state coffers.

Diseases, Conditions, Syndromes

Trump to make 'statement' Wednesday on coronavirus measures

President Donald Trump said he will make a primetime address Wednesday on measures to confront the growing health and economic challenges to the United States from the novel coronavirus.

Diseases, Conditions, Syndromes

New report: global snapshot of COVID-19 response

Researchers from Western Sydney University's Humanitarian and Development Research Initiative (HADRI) have used international research linkages to produce a new report on government responses to the COVID-19 pandemic as it ...

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Fiscal policy

In economics, fiscal policy is the use of government spending and revenue collection to influence the economy.

Fiscal policy can be contrasted with the other main type of economic policy, monetary policy, which attempts to stabilize the economy by controlling interest rates and the supply of money. The two main instruments of fiscal policy are government spending and taxation. Changes in the level and composition of taxation and government spending can impact on the following variables in the economy:

Fiscal policy refers to the overall effect of the budget outcome on economic activity. The three possible stances of fiscal policy are neutral, expansionary and contractionary:

Fiscal policy was invented by John Maynard Keynes in the 1930s.

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