In macroeconomics, discretionary policy is an economic policy based on the ad hoc judgment of policymakers as opposed to policy set by predetermined rules. For instance, a central banker could make decisions on interest rates on a case-by-case basis instead of allowing a set rule, such as the Taylor rule or Friedman`s k-percent rule, to determine....
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http://en.wikipedia.org/wiki/Discretionary_policy
Deliberate changes in government expenditure and/or taxes.
Found on
http://www.encyclo.co.uk/local/20140
No exact match found.
