- A fiscal or monetary policy designed to be an economic goal or target of a government. A fixed-rule policy, by definition, is pursued no matter the condition of the economy, and is considered independent of the current economic state.
For example, a fixed-rule policy of any government could be that the maximum target level of inflation must be less then 5% for any given year, as measured by the consumer price index (CPI). By creating a fixed-rule policy, a government can focus on longer term goals for an economy, and provide economic direction.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Policy-based design — Policy based design, also known as policy based class design or policy based programming, is a computer programming paradigm based on an idiom for C++ known as policies. It has been described as a compile time variant of the strategy pattern, and … Wikipedia
policy — The general principles by which a government is guided in its management of public affairs, or the legislature in its measures. A general term used to describe all contracts of insurance. See policy of insurance. This term, as applied to a law,… … Black's law dictionary
Fixed exchange-rate system — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibil … Wikipedia
Rule of 72 — In finance, the rule of 72, the rule of 70 and the rule of 69 are methods for estimating an investment s doubling time. The number in the title is divided by the interest percentage per period to get the approximate number of periods needed for… … Wikipedia
Company rule in India — For usage, see British Empire in India Company rule in India Colony of the East India Company ↓ … Wikipedia
Monetary policy — Part of a series on Government Public finance File:Governmentbhj,i,gu Vedder Highsmith detail 1.jpeg … Wikipedia
Monetary policy of the Philippines — Monetary policy is the monitoring and control of money supply by a central bank, such as the Federal Reserve Board in the United States of America, and the Bangko Sentral ng Pilipinas in the Philippines. This is used by the government to be able… … Wikipedia
Economic policy — refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government deficit as well as the labour market, national ownership, and many other areas of government. Such policies are… … Wikipedia
Chakravarty Committee on Monetary Policy (1985) — The S. Chakravarty Committee was formed in 1985 under the chairmanship of Prof.Sukhamoy Chakravarty to assess the functioning of the Indian Monetary system. Its goal was to improve monetary regulation, a feat that was hoped would enable… … Wikipedia
Friedman's k-percent rule — is the monetarist proposal that the money supply should be increased by the central bank by a constant percentage rate every year, irrespective of business cycles. DefinitionAccording to Milton Friedman The stock of money [should be] increased at … Wikipedia