Macroeconomic Policies: Fiscal and Monetary Policy

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Economics
From the discussion, I have learnt that the macroeconomic policies generally deal with the
policymaker in order to change the behavior and improvise the performance of the economy with
the help of basic economic strategies. It is clearly noticed that the major objective of the
macroeconomic policies that are accepted by the industrial countries is the attainment of high
and steady employment, increasing the per capita income, generating steady price level,
maintaining equilibrium and payments and other distributional aims (Calabria, 2016).
Further, the macroeconomic policies allow the Government of the UK to improvise their
performance and achieve certain results in their existing economy. As per the gathered
knowledge I have observed to improve the living conditions of all the citizens of the country
because of the efficient economic system. The policy is generally observed to deal with the
objectives and issues that can affect the entire economy of the country. It is helping them to
balance the unemployment rate, core inflation rate, balance of payment and other exchange rates
(Calabria, 2016).
Fiscal policy
I have observed from the studies and research that the Government of the UK tries to control the
expenditure and revenue by taking certain measures that can help them to regulate the economic
conditions of the country. There are certain measures that can be opted by the government for
increasing its demand with the help of purchasing new infrastructures (Calabria, 2016). This also
helps other industries and companies to make good services available to the public helping them
to execute other projects and create employment opportunities (Hommes, Massaro & Weber,
2015). The low tax rates applied to the individuals and forms revenue can also help the country
to increase the demand and further help the organizations to expand and create a healthy and
fruitful economy.
Moreover, the government must try certain budgeting techniques that can help them to increase
or decrease economic activities. It came to my observation that there are three categories of
budgets:
• Balanced budget
• Surplus budget
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