Similarly, economic policies that lead to fuller utilization of resources today may also lead to higher incomes in the future. The number 211 also appears before each part number (e.g., 211-01, 211-02). Specific Policies (i) Specific objectives defined, which are “actionable” (ii) Appropriate selection of major instruments to meet specific objectives “A public policy is … 4.2 TYPES OF ECONOMIES As you know that economy is a man-made organization, which is created, destroyed or changed as per the requirement of the society. Economic Policies Are Everywhere I Economic policies constantly a ect our everyday life: Through price interventions: taxes (sales tax on what we buy, sin taxes on cigarettes or alcohol, income tax on what we earn, property taxes on our houses,etc. all types of economic system. The Zimbabwe Economic Development Strategy (ZEDS) was a complete repackaging of previous policies and the major aim was to achieve sustainable, balanced economic growth (Bonga 2014). The remarkable economic improvements of the 18th and 19th centuries and Ger-many's post-World War II "economic miracle" were due, as Professor Mises explains, to capitalism: [I]n economic policies, there are no miracles. Supply-side Policies! Baby Bond policies are considered a priority by more than 42 percent of the sample at large; the support is more robust in Black and Latinx communities. Another type of economic evaluation is programmatic cost analysis. 1. Macro Policies (i) Provide framework within which specific policies are developed (ii) Implemented through specific policies 2. This is typically the first step in an economic evaluation comparing program costs to outcomes. Fiscal Policy: 1. The three main types of government macroeconomic policies are fiscal policy, monetary policy and supply-side policies. This implies that there may be less of a trade-off between growth andstability than orthodox economics suggests. stakeholders are likely to react to a given policy. Issues of stabilization and growth cannot be … Programmatic cost analyses include all the resources required to implement an intervention, such as … ), transfers (Pensions, EITC, Food Stamps, UI, Thus the need for a two-pronged analysis, focused at once on the effects of the policy being studied and on the issues surrounding its implementation. Other government policies including industrial, competition and environmental policies. The average priority level for Baby Bonds was 3.0, indicating a neutral response to this policy. Price controls, exercised by government, also affect private sector producers. The numbering system for each table and figure therefore designates, for example, the second table in Part Two as Table 211-02(2). Confining our attention in a restricted way we intend to consider two types of policy instruments the two “giants of the industry” monetary (credit) policy and fiscal (budgetary) policy. Monetary Policy 3. 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