HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » Economy » fiscal drag

Fiscal Drag

Definition
The dampening effect on aggregate demand that occurs when an expanding economy creates additional tax revenues, especially under a progressive income tax. Thus an example of an automatic stabilizer.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.