Fiscal Policy

2 notes tagged Fiscal Policy.

• Economy

  Budget Deficits: Revenue, Fiscal and Primary

  The exact definitions of revenue, fiscal and primary deficit, why the old 'budget deficit' concept was dropped, and a worked example UPSC-style.

• Economy

  Inflation and the Business Cycle: CPI vs WPI

  The precise difference between CPI and WPI, demand-pull versus cost-push inflation, the four phases of the business cycle, and how deficits fuel inflation.