economic policy
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economic policy
All measures and decisions by the state that aim to organize, influence, and shape a country's economy.
Die neue Regierung hat eine andere Wirtschaftspolitik angekündigt.
The new government has announced a different economic policy.
This noun is a typical German compound. It consists of 'die Wirtschaft' (the economy), the linking element '-s-', and 'die Politik' (politics / policy). So it describes the policy that deals with the economy.
Die Wirtschaftspolitik des Landes wird oft diskutiert.
The country's economic policy is often discussed.
The components 'Wirtschafts-' (economic / economy-related) and '-politik' (-policy) are very productive and form many other important words. If you recognize these parts, you can more easily understand words like 'Wirtschaftswachstum' (economic growth), 'Umweltpolitik' (environmental policy), or 'Finanzpolitik' (financial policy).
Die Finanzpolitik ist ein wichtiger Teil der gesamten Wirtschaftspolitik.
Financial policy is an important part of overall economic policy.
Certain verbs are often used in connection with 'Wirtschaftspolitik' (economic policy). Typical examples are 'Wirtschaftspolitik betreiben' (to pursue economic policy), 'gestalten' (to shape), or 'festlegen' (to define / set).
Die Regierung versucht, eine nachhaltige Wirtschaftspolitik zu gestalten.
The government is trying to shape a sustainable economic policy.
monetary policy
'die Wirtschaftspolitik' (economic policy) and 'die Geldpolitik' (monetary policy) both belong to the area of politics and economics. They can therefore easily be confused. 'Wirtschaftspolitik' is the broader term: it is about government decisions that influence the economy as a whole. 'Geldpolitik' is more specific and is made by the central bank. It is mainly about interest rates, the money supply, and stable prices. So when the government talks about taxes, work, or companies, 'Wirtschaftspolitik' usually fits. When it is about interest rates and the central bank, 'Geldpolitik' fits.
Die Wirtschaftspolitik der Regierung soll kleine Unternehmen stärker unterstützen.
The government's economic policy is intended to provide stronger support for small businesses.
Nach der Sitzung erklärt die Zentralbank ihre neue Geldpolitik.
After the meeting, the central bank explains its new monetary policy.