The Power of Fiscal Policy in Crisis Management
Words: 488 1600In times of crisis, whether it be economic downturns, natural disasters, or pandemics, policymakers are often tasked with the formidable challenge of stabilizing economies and mitigating adverse effects on society. Among the arsenal of tools available, fiscal policy stands out as a potent instrument for addressing immediate needs and laying the groundwork for long-term recovery. This essay delves into the effectiveness of fiscal policy in crisis management, highlighting its key mechanisms, limitations, and the imperative of strategic implementation. Fiscal policy […]