| Sahiplik | Değer |
| İsim | Fiscal Policy In an earlier article |
| Açıklama | Fiscal Policy In an earlier article, monetary policy was identified as one of the tools that a national government uses to influence its domestic economy. The second tool available to government (and one that is used by all levels of government) is fiscal policy. The term fiscal policy refers to the expenditure a government undertakes to provide goods and services and to the way in which the government finances these expenditures. There are two methods of financing: taxation and borrowing. Taxation takes many forms in the developed countries including taxation of personal and corporate income, so-called value added taxation and the collection of royalties or taxes on specific sets of goods. The debt burden assumed by the government is itself an important policy variable and one that has implications for the conduct of monetary policy. Governments in democratic societies act on many different, occasionally conflicting objectives. They may want to smooth out the nations income in order to minimize the pejorative effects of the business cycle or they may want to take steps designed to increase the national income. They may also want to take steps intended to achieve specific social objectives deemed to be appropriate by the political or legal process. LEVELS OF GOVERNMENT In a democratic system, there are two ways to organize a government: a unitary system and a federal system. Canada is an excellent example of a federal system of government in which there is one central or federal government and there are ten provincial governments. Underneath the provincial governments, there is a patchwork of local government. The United Kingdom is an example of a unitary system in which there is effectively one central government with no provincial governments. There are, of course, local governments. In a federal system, both the federal and provincial governments conduct fiscal policy. The Constitution delineates areas of responsibility for the two levels of governme... |
| Dosya Adı | Bağlantı www.edubilim.com_ekonometri1-24-6.doc |
| Dosya Boyutu | Link |
| Dosya Tipi | doc (Mime Tipi: link) |
| Ekleyen | admin |
| Ekleme tarihi: | 15.10.2008 16:13 |
| İnceleyenler | Herkes |
| Kontrol Eden | Editor |
| İndirme sayısı | 0 İndirme sayısı |
| En son güncelleme | 14.10.2008 16:14 |
| Anasayfa | http://www.edubilim.com |
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