Fiscal Policy and Economic Stability: A Comprehensive Analysis

Author(s)	Gitangshu Deva Sarma
Country	India
Abstract	This piece outlines fiscal policy and how it helps in stabilizing the economy. It starts with explaining fiscal policy and emphasizing its role as an effective tool for economic management. Tax policies, government spending, and budget deficits/surpluses which make up fiscal policy are discussed in details. The article continues by discussing the influence of fiscal policy on the economy's stability, considering its ability to boost growth, curb inflation, and reduce unemployment. While the management of fiscal policy comprises of the challenges such as political concerns and coordination with monetary policy, is also examined. Case studies and examples demonstrate success and failure of those fiscal policy implementation, which have become an invaluable lesson for policy makers. The article concludes with a look into the future trends and some suggestions on sustainable fiscal policy procedures.
Keywords	Fiscal policy, Economic stability, Taxation, Government spending, Budget deficits, Inflation, Unemployment, Monetary policy, Case studies, Recommendations
Field	Arts
Published In	Volume 6, Issue 4, July-August 2024
Published On	2024-07-15
Cite This	Fiscal Policy and Economic Stability: A Comprehensive Analysis - Gitangshu Deva Sarma - IJFMR Volume 6, Issue 4, July-August 2024. DOI 10.36948/ijfmr.2024.v06i04.24676
DOI	https://doi.org/10.36948/ijfmr.2024.v06i04.24676
Short DOI	https://doi.org/gt4gf3

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