| 单词 | package of policies |
| 释义 | package of policies A number of policy measures all introduced at the same time. Governments resort to policy packages for two reasons: minimization of side effects, and uncertainty about the effects of particular policy measures. Any economic policy, such as changing the interest rate, is bound to have side-effects which are not wanted as well the effects for whose sake the policy is adopted. The use of any single policy measure means using it very energetically, which produces a lot of side-effects, which are both unwanted and noticeable: for example, sudden large changes in interest rates may destabilize some financial intermediaries. If several measures are used, each at a moderate level, the side-effects are smaller and less detectable. Also, there is often uncertainty about the size and timing of the effects of particular policy measures. Use of a mixture raises the chance that some at least will produce effects fairly quickly. It does, however, make it difficult to sort out statistically the separate effect of each measure: this perpetuates the uncertainty which led to choice of a package in the first place. |
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