<transcript><audio_74>discussion about monetary policy versa fiscal policy monetary policy refers to interest rate manipulation whereas fiscal policy is all about taxation and government spending think of it this way</transcript><transcript><audio_75>monetary policy is very blunt instrument whereas fiscal policy can be quite targeted let's say I wanted to have more jobs and growth in a town like Kai Abram in central Victoria I could use monetary policy to try and stimulate that that</transcript><transcript><audio_76>region and the way I could do that is for instance to lower the interest rates and that way lower interest rates might incentivize business owners to borrow more money to build more businesses in kaya room and therefore they would hire more workers in kaya Graham and that</transcript><transcript><audio_77>would help the economy and you're hoping that they're going to set up their businesses in kaya berm rather than just buy more investment properties in Sydney Melbourne and Brisbane so you can see how monetary policy is quite a blunt instrument alternatively the government</transcript><transcript><audio_78>could use fiscal policy they could give twelve thousand dollars and put it into the bank account of each and every person in Cobra that would increase consumer demand because they would have more money to spend they could also build a business park and say that there's going to be no taxes for anybody that sets up their business in that</transcript> discussion about monetary policy versa fiscal policy monetary policy refers to interest rate manipulation whereas fiscal policy is all about taxation and government spending think of it this way monetary policy is very blunt instrument whereas fiscal policy can be quite targeted let's say I wanted to have more jobs and growth in a town like Kai Abram in central Victoria I could use monetary policy to try and stimulate that that region and the way I could do that is for instance to lower the interest rates and that way lower interest rates might incentivize business owners to borrow more money to build more businesses in kaya room and therefore they would hire more workers in kaya Graham and that would help the economy and you're hoping that they're going to set up their businesses in kaya berm rather than just buy more investment properties in Sydney Melbourne and Brisbane so you can see how monetary policy is quite a blunt instrument alternatively the government could use fiscal policy they could give twelve thousand dollars and put it into the bank account of each and every person in Cobra that would increase consumer demand because they would have more money to spend they could also build a business park and say that there's going to be no taxes for anybody that sets up their business in that
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