Implementation lag is a more serious problem for monetary policy than fiscal policy.

Name: Implementation lag is a more serious problem for monetary policy than fiscal policy.
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Fiscal policy typically faces longer implementation lags than monetary policy, as changes in government spending or tax policies often require legislative approval, which can be time-consuming. In contrast, central banks can adjust monetary policy more swiftly through tools like interest rate changes.

Implementation Lag Is a More Serious Problem for Monetary Policy