Activist Policy

Activist Policy

Any policy whereby a government seeks to direct or affect the economy in which it operates. For example, a government may offer a tax credit to homebuyers to stimulate homeownership. Likewise, it may cut taxes to encourage spending or it may increase its own spending to create demand for goods and services. All governments pursue activist policies inasmuch as they seek to encourage growth; however, the term connotes a policy in which the government plays a more direct role. See also: American Recovery and Reinvestment Act of 2009.
References in periodicals archive ?
The real case is that activist policy depends on a teetering chain of improbabilities.
Rubenstein's predecessor, Robert Ford, has recently spoken publicly on his experience after his retirement last month, and observers have taken his assessment -- that the Assad regime will likely remain in power a year from now, controlling a significant part of the country -- as a sign that the Obama administration has little appetite for supporting a more activist policy on the conflict.
The activist policy pursued in order to achieve this objective engendered the monetarist-Keynesian debate, which centered on whether policymakers could and should base policy on the observed inflation-unemployment relationship captured by the empirical correlations of the Phillips curve.
But the country's heavy exposure to the debt crisis, combined with the recent personnel changes, has driven some in the healthier northern euro zone core to push for changes to try to restore a better balance between traditional and activist policy styles.
Chaplin, in his sketch of a Christian communitarian pluralism and from his neo-Calvinist notion of sphere sovereignty, allows for a more activist policy role for the state.
Mr Ereli said the world should now expect to see a much more activist policy with regards to the Arab-Israeli dispute.
In Antinolfi, Azariadis, and Bullard's model, activist policy works to stabilize the economy around its good steady state by influencing private expectations of future inflation under various contingencies that arise both in and out of equilibrium.
The agency, was regarded by many in the Bush administration as reflexively and implacably hostile to any activist policy in Iraq.
The problem with the activist policy, some lament, is that we haven't done a better job of measuring that potential.
Section IV derives the optimal activist policy and compares its performance to that of the Friedman rule.
However, for most countries, Lall describes a selective, activist policy that focused on acquisition of technologies deemed suitable for industrial development.
However, this is a necessary but not a sufficient condition for an activist policy.