Easy Entry and Fast Strengthening Economy with the Monetary and Fiscal Policy
- 1 Department of Economics, Yale University, New Haven, CT, USA
Abstract
The article discusses and correlates monetary and fiscal policies for positive GDP growth. This paper will explore the impact of taxes and interest rates on U.S. GDP, which is a fundamental indicator of the economic health of the U.S. economy. The analysis will reveal how changes in tax revenue and interest rates can affect GDP and how the government can use this idea to stimulate economic growth. The paper will also discuss implications such as public debt policy inflation of economic inequality. Finally, the paper will discuss the implications of this research and the effectiveness of other alternative approaches to computer policy and taxation.
- Congress.gov (n.d.). H.R.2264—Omnibus Budget Reconciliation Act of 1993. https://www.congress.gov/bill/103rd-congress/house-bill/2264
- Federal Reserve Bank of San Francisco (2002). Why Did the Federal Reserve System Lower the Federal Funds and Discount Rates below 2 Percent in 2001? https://www.frbsf.org/education/publications/doctor-econ/2002/january/federal-funds-discount-rate-2001/
- Federal Reserve Bank of San Francisco (2004). I Find Definitions of the Federal Funds Rate Stating That It Can Be Both above and Below the Discount Rate. Which Is Correct. https://www.frbsf.org/research-and-insights/publications/doctor-econ/2004/09/federal-funds-discount-rate/
- Federal Reserve History (2013). The Great Inflation 1965-1982. https://www.federalreservehistory.org/essays/great-inflation
- FocusEconomics (n.d.). GDP per Capita (USD). https://www.focus-economics.com/economic-indicator/gdp-per-capita/
- Iowa State University, Department of Economics (n.d.). How Is the GDP Growth Rate Measured? https://www.econ.iastate.edu/node/643
- Jahan, S., Mahmud, A. S., & Papageorgiou, C. (2014). What Is Keynesian Economics? Finance and Development, 51, 53-54.
- OpenStax, Rice University (2022). Principles of Economics 3e: 19.2 Adjusting Nominal Values to Real Values. https://openstax.org/books/principles-economics-3e/pages/19-2-adjusting-nominal-values-to-real-values
- Organisation for Economic Cooperation and Development (n.d.-a). Global Revenue Statistics Database. https://stats.oecd.org/Index.aspx?DataSetCode=RS_GBL
- Organisation for Economic Cooperation and Development (n.d.-b). Revenue Statistics—United States 2022. https://www.oecd.org/tax/revenue-statistics-united-states.pdf
- Patel, I. G. (1953). Monetary Policy in Postwar Years. IMF Staff Papers, 3, 69-131. https://www.elibrary.imf.org/view/journals/024/1953/001/article-A003-en.xml
- The World Bank (n.d.). Taxes & Government Revenue. https://www.worldbank.org/en/topic/taxes-and-government-revenue
- U.S. Bureau of Economic Analysis (2000). GDP: One of the Great Inventions of the 20th Century. https://fraser.stlouisfed.org/files/docs/publications/SCB/pages/2000-2004/35260_2000-2004.pdf
- U.S. Bureau of Economic Analysis (n.d.-a). Gross Domestic Product. https://www.bea.gov/resources/learning-center/what-to-know-gdp