macroeconomic policy of the state - it is the actions that are aimed at regulation of economic processes c to maintain the pace of economic growth, they are designed to limit inflation and to ensure full employment.The main objective of macroeconomic policy is balancing unemployment and inflation.
fiscal macroeconomic policies
In another way this type of policy called financial or budget.It covers the basic elements of the treasury of the state and is directly related to taxes, the budget receipts and expenditures of the state.Under market conditions this policy is the basis for economic policy.This category includes the budget, tax and spending policies and revenue.
most important task of fiscal policy is to find the methods and sources of the cash assets of the state, as well as tools that will contribute to achieving the objectives of economic policy.Thanks to fiscal policies governments can regulate the global economic processes in the country to maintain the stability of monetary circulation, finance, the public sector to provide funding, to promote better use of scientific, technical and industrial and economic potential.With the tools of fiscal policy, the state may have an impact on aggregate supply and demand, thereby affecting the market situation of the economy, to take measures protivokrizisnye.
Monetary macroeconomic policies
This policy is intended to regulate the money supply and treatment in the state by direct exposure or by an independent central bank.It affects not only money but also on prices.
The aim of monetary policy is to stabilize, increase the stability and efficiency of the entire economic system, employment, crisis management and economic growth.In contrast, fiscal, monetary, macroeconomic policy is more narrowly focused and limited only by the stabilization of money.
objectives of this policy is to suppress inflation, the stabilization of prices, exchange rates, purchasing power, the regulation of the money supply, the supply and demand of money via the banking system.
Monetary policy is stringent when there is a reduction in the money supply, limiting emissions, supported by high interest rates on loans.Softness differ policies aimed at increasing the money supply or prevent this process, helping to get cheap loans.
Macroeconomic policy in an open economy
Fiscal and monetary policy - is the backbone of economic policy.However, there are other categories.
Structural-investment policy affects the formation and change of regional and sectoral industrial structure of the country.It influences the ratio, the proportion of the production of various products industry.Manifestations of this policy are the agrarian and industrial policy.
Social Policy takes benchmark primarily on the social protection of people, to ensure the vital needs of the population, to maintain decent living conditions, as it deals with environmental protection.Next to this policy is employment policy, regulation of wages and incomes.
deserves attention and foreign policy, which applies to economic relations with other countries.
