Deficit and Supply side policy: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
m (Add headers.)
 
imported>Doug Williamson
(Added link)
 
Line 1: Line 1:
1. ''Funding.''
Policy aimed at stimulating the level of production in the economy by creating incentives for individuals and firms to increase their productivity, for example policies which encourage competition between firms or policies which encourage more people to work.  


Any financial shortfall, whether cumulative or for a single period.
The aggregate supply curve is moved to the right.  




2. ''Public finances.''
Supply side policy tends to be associated with monetarism.
 
A government fiscal deficit, usually for a particular period, most often a year.
 
 
3. ''Pensions - defined benefit schemes.''
 
The accumulated excess of liabilities over assets in a funded Defined benefit pension scheme; also known as under-funding. 
 
 
'''Example'''
 
Pension liabilities = 100.
 
Pension assets = 90.
 
The deficit would be:
 
100 - 90
 
= 10. 
 
(Not to be confused with the percentage ''funding level'' which in this example would be 90 / 100 = 90%.)
 
 
Relevant accounting standards include Section 28 of FRS 102.




== See also ==
== See also ==
* [[Amortisation]]
* [[Aggregate supply]]
* [[Debt]]
* [[Competition policy]]
* [[Fiscal deficit]]
* [[Fiscal policy]]
* [[FRS 102]]
* [[Monetarism]]
* [[Funding level]]
* [[Monetary policy]]
* [[Multicurrency cross-border pooling]]
* [[Multicurrency one-country pooling]]
* [[Office for Budget Responsibility]]
* [[Provision]]
* [[Surplus]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:Identify_and_assess_risks]]

Revision as of 14:20, 27 July 2016

Policy aimed at stimulating the level of production in the economy by creating incentives for individuals and firms to increase their productivity, for example policies which encourage competition between firms or policies which encourage more people to work.

The aggregate supply curve is moved to the right.


Supply side policy tends to be associated with monetarism.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Deficit&oldid=45910’