What is the difference between Monetary Policy and Fiscal Policy – Part I
In Modern Monetary Theory we often make comparisons between monetary and fiscal policy. But what exactly are they, and how do they differ? In this article, the first in a multi-part series, we define and describe these two types of economic policy, how they are implemented, and just how effective they are. We also give you a little history to provide context to help you understand not just what these policies are, but how they have impacted our lives. This series will give you a deeper understanding of MMT, and economic policy in general!