Fiscal policy
110
MENTIONS
31
EPISODES
27
PODCASTS
Search complete. 110 mentions across 31 episodes found for "Fiscal policy".
Oct 30, 2026
Dan HansonGUEST
So either way you could see, you can see why there was that thinking behind what they, they were doing and, as we said at the start, in terms of the policy package itself, it's not going to do much.
Dan HansonGUEST
But I think their argument would be, well, what would be the counterfactual around that? We couldn't use fiscal policy to buy our way to growth, because the markets would have punished us.
Dan HansonGUEST
And we didn't want to announce loads of tax rises, because that would have dampened animal spirits.
Dan HansonGUEST
So this is the path that we've taken.
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This is Analyst Dojo, lessons for the CFA level one exam.
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Today, fiscal versus monetary policy and what fiscal policy is for from economics, fiscal policy.
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Fiscal versus monetary policy.
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This is the first lesson of fiscal policy.
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After understanding business cycles, it sorts out who steers the economy and with which levers, what fiscal policy is for and how to read a budget balance.
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It's short, and the sorting questions are easy marks once you have the trick.
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On the exam, expect three kinds of question.
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Which of these is a fiscal tool? Which is least likely a goal of fiscal policy? And whether a change is automatic or discretionary? You may also meet a small budget deficit calculation.
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This is Analyst Dojo, lessons for the CFA Level 1 exam.
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Today, Fiscal Stance, Structural Deficits and Policy Lags from Economics, Fiscal Policy.
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Fiscal Stance, Structural Deficits and Policy Lags.
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This is the fourth and last lesson of fiscal policy, after fiscal policy tools and the fiscal multiplier.
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This lesson answers three questions.
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Is a policy expansionary or contractionary? How do you strip out the effect of the business cycle? And why can't governments fine tune demand? On the exam, you'll explain how fiscal policy is carried out, why it's hard to do well, and whether a given policy is expansionary or contractionary.
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Expect a stance item, a structural deficit calculation, and a question on which lag is which.
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Fiscal stance is the direction the government is pushing demand.
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This is Analyst Dojo, lessons for the CFA level one exam.
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Today, fiscal policy tools and the fiscal multiplier from economics fiscal policy.
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Fiscal policy tools and the fiscal multiplier.
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This is the third lesson of fiscal policy.
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After does the size of national debt matter? It covers what a government spends on, how it raises money, which tools are fast or slow, and how one round of spending turns into a much bigger change in output.
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On the exam, expect a classification item, fiscal or monetary, direct or indirect tax, fast or slow.
13 MINS LATER
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The multiplier is bigger when households re-spend more and smaller when taxes and saving leak more out of every round.
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The balanced budget multiplier is one.
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This is Analyst Dojo, lessons for the CFA Level 1 exam.
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Today, does the size of national debt matter? From economics, fiscal policy.
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Does the size of national debt matter? This is the second lesson of fiscal policy, after fiscal versus monetary policy, and what fiscal policy is for.
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The honest answer is sometimes, and this lesson shows you what decides it.
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You'll sort arguments into two camps and project next year's debt ratio.
8 MINS LATER
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Against concern, owed at home, funds investment, Ricardian saving, slack in the economy, and tax reform.
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For concern, higher future taxes, money printing and crowding out.
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That is the size of national debt and whether it matters, the second lesson of fiscal policy.
Hannah PeakerGUEST
Well, that extra billion is not going to get you record council house building.
Hannah PeakerGUEST
Also, even partly because your fiscal rules are biased against the state delivering a lot of those things.
Hannah PeakerGUEST
That's what I mean.
Hannah PeakerGUEST
They're going to have to go a bit further, including getting into the nuance of the economics and how you're going to structure a fiscal framework that allows you to deliver on that ambition.
6 MINS LATER
Hannah PeakerGUEST
And I hope we can now argue for more of that to go towards the transition.
Chris HayesGUEST
Hopefully it's a start.
Chris HayesGUEST
I did notice that there was the possibility of whether they'd sort of tweak the definition of the fiscal rules to exclude public corporations and public financing institutions from that so that...
James MeadwayHOST
Remind me, I thought this was already, this is Rachel Reeves' tweak to the fiscal rules last year, right? This is the movement onto PSNFL as it's called, right? Public sector net financing and the various financing bodies like potentially National Wealth Fund and a few others were already outside of it, at least their debt, if not their debt interest.
John CampbellHOST
Was there fiscal impact? Were there fiscal drivers here? Or is this totally a monetary externality in terms of important inflation decision?
Michael ReddellGUEST
It's got nothing to do with New Zealand fiscal policy.
Michael ReddellGUEST
If you read the six pages of the statement, there are three references to fiscal policy.
Michael ReddellGUEST
All of them are to foreign fiscal policy.
Michael ReddellGUEST
The three budgets this government's brought down so far have not cut the deficit very much at all.
Michael ReddellGUEST
So the line that Willis has been using for the last three years is just pure politicising.
Michael ReddellGUEST
What's going on here is simply about the state of the economy and pricing pressures.
Michael ReddellGUEST
Fiscal policy hasn't made much difference to that at all.
Hannah PeakerHOST
Well, that extra billion is not going to get you record council house building.
Hannah PeakerHOST
Also, even partly because your fiscal rules are biased against the state delivering a lot of those things.
Hannah PeakerHOST
That's what I mean.
Hannah PeakerHOST
They're going to have to go a bit further, including getting into the nuance of the economics and how you're going to structure a fiscal framework that allows you to deliver on that ambition.
6 MINS LATER
Hannah PeakerHOST
Hopefully
Chris HayesGUEST
it's a start.
Chris HayesGUEST
I did notice that there was the possibility of whether they'd sort of tweak the definition of the fiscal rules to exclude public corporations and public financing institutions from that so that...
James MeadwayHOST
Remind me, I thought this was Rachel Reeves' tweak to the fiscal rules last year.
Liam HalliganHOST
I know you've had a look at it.
Liam HalliganHOST
They've got some serious people working on their fiscal policy now.
Liam HalliganHOST
Indeed, they've got our former colleague, Carl Williams, who's head of policy here at CPS.
Liam HalliganHOST
So a very talented, respectable guy, to say the least.
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