Answer. Difference between fiscal and monetary policy:
* Monetary policy refers to the actions of central banks to achieve macroeconomic policy objectives such as price stability, full employment, and stable economic growth.Monetary policy addresses interest rates and the supply of money in circulation, and it is generally managed by a central bank.
*Fiscal policy refers to the tax and spending policies of the federal government. Fiscal policy decisions are determined by the Congress and the Administration; the Fed plays no role in determining fiscal policy.Fiscal policy addresses taxation and government spending, and it is generally determined by government legislation.
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