Learn more about fiscal policy in this article. Left to … Fiscal measures are frequently used in tandem with monetary policy to achieve certain goals. Examples of discretionary policy in the following topics: Arguments For and Against Discretionary Monetary Policy. discretionary synonyms, discretionary pronunciation, discretionary translation, English dictionary definition of discretionary. Discretionary fiscal policy disadvantages. How to use discretion in a sentence. Learn more. Discretionary means it's up to you to decide. Fiscal PolicyFiscal Policy Page 1 of 4 Fiscal Policy Definitions Fiscal policy is the use of taxes, government transfers, or government purchases of goods and services to shift the aggregate demand curve. Keynesians believe consumer demand is the primary driving force in an economy. In this guide, we explain why and how you can use your Discretionary Limit. Bathing regularly is a discretionary act, so you can opt not to do it if you want; note, however, that your friends might disagree with us on this. Recessionary Gap Definition. Discretionary decision making by primary care physicians and the cost of U.S. Health Care. ; A discretionary policy is supported because it allows policymakers to respond quickly to events. Notwithstanding section 7.1 of the General Terms and Conditions of the Policy it is agreed that for the Policy to cover your insured receivables due from a Buyer, you must have a positive Permitted Limit issued by the Risk Service Provider named in the Risk Information Services agreement or a Discretionary Limit set by you. These cash payments are not part of the employee’s contract, and the employee should not expect to receive the bonus regularly. Discretionary and non-discretionary spending are terms used to describe the categories of expenses you use daily in life. A discretionary fiscal policy is the level of legislative parameters which are used as action policies for providing stimulus for the effect of control of economic recession. Meaning of discretionary fiscal policy. However, evidence indicates that the discretionary planning approach discredits the … The discretionary planning policy was supposed to offer viable ways to guarantee sustainability and hence the efficiency of housing in the region. Fiscal policy is a way by which a government adjusts the tax rates and government spending levels to manage the economic fluctuations. Group(s):Macro (Year 1) Key Terms, Macro (Year 2) Key Terms, Key terms and concepts; Print page. discretionary definition: 1. decided by officials and not fixed by rules: 2. decided by officials and not fixed by rules…. Discretionary Fiscal Policy: . These changes occur on a year by year basis and are used to reflect the current economic status. Discretionary policies refer to subjective actions taken in response to changes in the economy. Discretionary decision making is a formal process within the criminal justice system. Discretionary access control (DAC) is a type of security access control that grants or restricts object access via an access policy determined by an object's owner group and/or subjects. What does discretionary fiscal policy mean? Another word for discretionary. These are intentional government policies to increase or decrease government spending or taxation. Learn vocabulary, terms, and more with flashcards, games, and other study tools. In the context of policing, discretion means that officers are given some leeway on which they can rely as they make choices that impact the people they are policing. You can choose either an Approved Limit or a Discretionary Limit, both of which are outlined in our guide: Understanding credit limits. Define discretionary. The central government exercises discre­tionary fiscal policy when it identifies an unemployment or inflation problem, esta­blishes a policy objective concerning that problem, and then deliberately adjusts taxes and/or spending accordingly. Discretionary definition, subject or left to one's own discretion. more. DAC mechanism controls are defined by user identification with supplied credentials during authentication, such as username and password. Fiscal policy refers to the use of government spending and tax policies to influence macroeconomic conditions, including aggregate demand, employment, inflation and economic growth. 1. Information and translations of discretionary fiscal policy in the most comprehensive dictionary definitions resource on the web. Term discretionary Definition: A specific choice, act, or decision, often designed to achieve a particular goal.The term is commonly used in economics in reference to government policies, such as discretionary fiscal policy or discretionary monetary policy. In order to be covered by your Policy, you must have a valid credit limit in place with each individual customer. Expansionary policy is a macroeconomic policy that seeks to boost aggregate demand to stimulate economic growth. A discretionary bonus is extra pay that a company agrees to provide to an employee for specific or unexpected situations. Start studying CH 8. Rules vs. discretionary monetary policy At the 15th Anniversary Conference of the Center for Economic Policy Research at Stanford University, Stanford, California September 5, 1997 It is a pleasure to be at this conference marking the fifteenth anniversary of the Center for Economic Policy Research. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. Fiscal policy can be discretionary or non-discretionary. Discretionary fiscal policy is the term used to describe actions made by the government. A working definition of police discretion Discretion means the power and ability to make decisions. Definition of discretionary fiscal policy in the Definitions.net dictionary. adj. Share: Share on Facebook Share on Twitter Share on Linkedin Share on Google Share by email. Discretionary Fiscal Policy: government takes deliberate actions through legislation to alter spending or taxation policies This is somewhat vague, but so is the concept of police discretion. Fiscal policy, measures employed by governments to stabilize the economy, specifically by manipulating the levels and allocations of taxes and government expenditures. In computer security, discretionary access control (DAC) is a type of access control defined by the Trusted Computer System Evaluation Criteria "as a means of restricting access to objects based on the identity of subjects and/or groups to which they belong. Find more ways to say discretionary, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. Most people chose this as the best definition of discretionary-fiscal-policy: A fiscal policy achieved... See the dictionary meaning, pronunciation, and sentence examples. Discretionary decision power should be given to municipal authorities to choose, on a voluntary basis, the most appropriate for their situation and policy objectives. Keynesian economics is a theory that says the government should increase demand to boost growth. The following article will update you about the difference between discretionary and automatic fiscal policy. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Definition of discretionary written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels. Discretionary definition: Discretionary things are not fixed by rules but are decided on by people in authority,... | Meaning, pronunciation, translations and examples Discretionary fiscal policy. Discretion definition is - individual choice or judgment. Discretionary Fiscal Policy. The Discretionary Day is an additional holiday with pay which may be authorized annually by the Governor to eligible university support staff, unclassified staff and fiscal year faculty for observance of a religious holiday, family event or other special occasion. Discretionary Limit cover 1. ‘Compare this to the discretionary spending available to, say, a family-owned company.’ ‘He therefore suggested that the police use the discretionary policy to deal with the problem.’ ‘The hotel's 800 employees agreed to forgo discretionary annual bonuses recently in hopes of saving jobs.’ A Discretionary Trust is a legal arrangement which allows the owner of a life policy (the settlor) to give their policy to a trusted group of people (the trustees), who look after it. Expansionary Policy Definition. Some expenses are necessary, such as your rent, mortgage and utilities; others are more luxury or ‘frivolous’ purchases, such as your daily coffee or the cost of your golfing or traveling. Definition of discretionary adjective in Oxford Advanced Learner's Dictionary. 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