Measures taken by government economic policy to smooth the business cycle and thus facilitate and stabilize economic growth. Of course, these measures have a chance of success only if the monetary measure remains unchanged. – Economic policy is always the responsibility of the government, which is supported by the parliamentary majority. For reasons of constitutional law, it cannot be placed in the hands of a central bank that is independent of parliamentary control. Moreover, monetary policy does not have the instruments to shape economic policy. – See targeting, unidirectional, fiscal policy, monetary policy, business cycle, poltergeist, price level control, forecasting model.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/