The administrative lag.
# Political Issues # Lag Time # Lack of Coordination # Unintended Consequences
the federal open market committee can act almost immediately
Both fiscal and monetary policy can affect real GDP, due to time-lag in wage and price adjustments. In general, however, fiscal policy has a much more direct effect on real GDP.
The principal tool is the discount rate (the rate the Federal Reserve System charges banks).
The administrative lag.
inside lag
# Political Issues # Lag Time # Lack of Coordination # Unintended Consequences
the federal open market committee can act almost immediately
Both fiscal and monetary policy can affect real GDP, due to time-lag in wage and price adjustments. In general, however, fiscal policy has a much more direct effect on real GDP.
The principal tool is the discount rate (the rate the Federal Reserve System charges banks).
DSsd
monetary policy.........
Because there are more political complications with determining and implementing fiscal policy.
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reserve bank of India frames monetary policy
Monetary Policy Committee was created in 1997.