Economic policy based on ad-hoc judgements of policymakers
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.
"Discretionary policy" can refer to decision making in both monetary policy and fiscal policy. The opposite is a commitment policy.
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In macroeconomics, discretionarypolicy is an economic policy based on the ad hoc judgment of policymakers as opposed to policy set by predetermined rules...
attracted to policy rules. A discretionarypolicy is supported because it allows policymakers to respond quickly to events. However, discretionarypolicy can be...
finance, discretionary spending is government spending implemented through an appropriations bill. This spending is an optional part of fiscal policy, in contrast...
stabilization or credit cycle stabilization. In either case, it is a form of discretionarypolicy. “Stabilization” can refer to correcting the normal behavior of the...
findings on the effects of and relative importance of structural and discretionarypolicies. An implication of saltwater economic theory was that the government...
Industrial policy is government policy to encourage the development and growth of all or part of the economy in pursuit of some public goal. Historically...
Monetary policy is the policy adopted by the monetary authority of a nation to affect monetary and other financial conditions to accomplish broader objectives...
Discretionary jurisdiction is a power that allows a court to engage in discretionary review. This power gives a court the authority to decide whether to...
A discretionary service is a Canadian specialty channel which, as defined by the Canadian Radio-television and Telecommunications Commission, may be carried...
In computer security, discretionary access control (DAC) is a type of access control defined by the Trusted Computer System Evaluation Criteria (TCSEC)...
objectives of monetary policy are best met by targeting the growth rate of the money supply rather than by engaging in discretionarypolicy. monetary circuit...
Agricultural policy describes a set of laws relating to domestic agriculture and imports of foreign agricultural products. Governments usually implement...
Inflationary bias is the outcome of discretionary monetary policy that leads to a higher than optimal level of inflation. Depending on the way expectations...
In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's...
Demand management at the macroeconomic level involves the use of discretionarypolicy and is inspired by Keynesian economics, though today elements of...
case-by-case basis but also to have a policy. A similar Exceptional Hardship Payment exists. Shelter: Discretionary housing payments (DHP) (Accessed 30...
policy (also referred to as a trade policy or international trade policy) is a government's policy governing international trade. Commercial policy is...
The energy policy of the United Kingdom refers to the United Kingdom's efforts towards reducing energy intensity, reducing energy poverty, and maintaining...
down into three general categories: mandatory/entitlement spending, discretionary spending, and interest on government debt. Mandatory/entitlement spending...
emphasized the use of discretionary fiscal policy and monetary policy, while monetarists argued the primacy of monetary policy, and that it should be...
$200B in additional infrastructure investment. Discretionary spending: The budget cuts discretionary spending by a net $1,851 billion over the 2018–2027...
spending above the cap is caused by movements in the forecast or by discretionarypolicy changes. The OBR is also tasked with producing an annual report on...
Customs and Border Protection, January 26, 2012. Rescission of Discretionary Parole Policies Relating to Nationals of the Russian Federation Seeking Entry...
Within public finance, an investment policy is any government regulation or law that encourages or discourages foreign investment in the local economy...
which contributed far more than discretionary action and more than most other countries. As a result, further discretionary fiscal action was limited. In...
the now-discontinued genre protection policy), but are still "protected" from competition by other discretionary services. In other words, if someone wants...
implemented a sequester (cap) on spending for the military and other discretionary categories of spending. Compared against a baseline where the Bush tax...
behavior on diverse populations. It is not. Broken Windows is a highly discretionary police activity that requires careful training, guidelines, and supervision...
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