Discretionary policy
id:
discretionary-policy-269-16327619
title:
Discretionary policy
text:
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 Friedman's k-percent rule, an inflation target following the Taylor rule, or a nominal income target to determine interest rates or the money supply. In practice, most policy actions are discretionary in nature
brand slug:
wiki
category slug:
encyclopedia
description:
Economic policy based on ad-hoc judgements of policymakers
original url:
https://en.wikipedia.org/wiki/Discretionary_policy
date created:
date modified:
2023-03-12T19:31:20Z
main entity:
{"identifier":"Q5282069","url":"https://www.wikidata.org/entity/Q5282069"}
image:
fields total:
13
integrity:
14