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
Wirtschaftspolitik covers government measures for shaping and influencing the economy as a whole. Geldpolitik is the more specific area handled by a central bank, mainly involving interest rates and the money supply. Use Wirtschaftspolitik for government decisions in general and Geldpolitik for decisions made by a central bank.
Die neue Wirtschaftspolitik soll Wachstum fördern und die Inflation begrenzen.
The new economic policy is intended to promote growth and limit inflation.
Mit ihrer Geldpolitik versucht die Zentralbank, die Inflation durch höhere Zinsen zu begrenzen.
Through its monetary policy, the central bank is trying to limit inflation by raising interest rates.
