Fiscal drag
id:
fiscal-drag-196-18130094
title:
Fiscal drag
text:
Fiscal drag happens when the government's net fiscal position fails to cover the net savings desires of the private economy, also called the private economy's spending gap. The resulting lack of aggregate demand leads to deflationary pressure, or drag, on the economy, essentially due to lack of state spending or to excess taxation. One cause of fiscal drag may be bracket creep, where progressive taxation increases automatically as taxpayers move into higher tax brackets due to inflation. This te
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Fiscal_drag
date created:
date modified:
2023-11-21T11:47:38Z
main entity:
{"identifier":"Q23811062","url":"https://www.wikidata.org/entity/Q23811062"}
image:
fields total:
13
integrity:
13