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Stabilization Policy

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PPGPortal > Home > Concept Dictionary > S > Stabilization Policy
 
Stabilization Policy

Policy, implemented by either fiscal or monetary authorities, designed to keep the economy in the short-run close to its long-run path.

(Peter Dungan, PPG1002H)

------------------------

Governments pursue stabilization policies in order to mitigate the impact of economic shocks, to minimize the amount of output lost to unemployment, and to keep inflation rates near a chosen target.

References


Dungan, Peter. Class Lecture. PPG1002H Microeconomics for Policy Analysis. University of Toronto School of Public Policy and Governance.

Mankiw, N.G., Kneebone, R.D., McKenzie, K.J., Rowe, N. Principles of Macroeconomics: Third Canadian Edition. Harcourt Brace Canada: Toronto, 2004.
     
Stabilization Policy

Policy, implemented by either fiscal or monetary authorities, designed to keep the economy in the short-run close to its long-run path.

(Peter Dungan, PPG1002H)

------------------------

Governments pursue stabilization policies in order to mitigate the impact of economic shocks, to minimize the amount of output lost to unemployment, and to keep inflation rates near a chosen target.

References


Dungan, Peter. Class Lecture. PPG1002H Microeconomics for Policy Analysis. University of Toronto School of Public Policy and Governance.

Mankiw, N.G., Kneebone, R.D., McKenzie, K.J., Rowe, N. Principles of Macroeconomics: Third Canadian Edition. Harcourt Brace Canada: Toronto, 2004.

Approved for glossaryposting by Ben Eisen on January 8, 2011


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