# Fiscal Policy

*Macro & Economy — Finicade finance glossary*

The government's side of the steering wheel: taxing and spending to speed up or slow down the economy. Cut taxes or spend more to boost demand; do the reverse to rein it in.

**Also known as:** fiscal policy when open

**Related terms:** [Monetary Policy](https://finicade.com/glossary/monetary-policy), [GDP (Gross Domestic Product)](https://finicade.com/glossary/gdp), [Recession](https://finicade.com/glossary/recession)

**Taught in:** Macro & Markets — Mundell–Fleming: Policy Goes Global

Source: https://finicade.com/glossary/fiscal-policy