|Mause I 229
Interventions/Economic theories: Economic policy strategies are based either on discretionary ((s) selective, situation-based) or rule-based policies.
Rule binding: commits the policy to certain behaviours or objectives, in particular at the intermediate target level.
Selective interventions have the advantage of greater flexibility. For example, supply and demand shocks can be dampened directly.
Problems: there can be different reactions to similar events over time. Wrong decisions due to a lack of information can have procyclical (reinforcing) effects._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. The note [Author1]Vs[Author2] or [Author]Vs[term] is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018