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Economics

Australian Government Websites

FISCAL POLICY

Fiscal policy represents government spending policies that influence macroeconomic conditions. Through fiscal policy, regulators attempt to improve unemployment rates, control inflation, stabilize business cycles and influence interest rates in an effort to control the economy. Fiscal policy is largely based on the ideas of British economist John Maynard Keynes (1883–1946), who believed governments could change economic performance by adjusting tax rates and government spending.

State & Territory Budget Papers

NSW

Victoria

Queensland

South Australia

Western Australia

Tasmania

ACT

Northern Territory

Other Government Fiscal Policy websites.

MONETARY POLICY

Monetary policy represents the actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates. Monetary policy is maintained through actions such as increasing the interest rate, or changing the amount of money banks need to keep in the vault (bank reserves).