--- title: "Meaning & Key Takeaway of: A wide range of possible fiscal policy…" description: "\"A wide range of possible fiscal policy tools and approaches could enhance the cyclical stability of the economy. For example, steps could be taken to i..." image: "https://sms4smile.com/quotes/i/3bc/janet-yellen-2828_possible_a-wide-range-of-possible-fiscal-policy-t_2388413.png" --- # A wide range of possible fiscal policy tools and… ![“A wide range of possible fiscal policy tools and approaches could enhance the cyclical stability of the economy. For example, steps could be taken to increase the effectiveness of the automatic stabilizers, and some economists have proposed that greater fiscal support could be usefully provided to…” quote by Janet Yellen](https://sms4smile.com/quotes/i/3bc/janet-yellen-2828_possible_a-wide-range-of-possible-fiscal-policy-t_2388413.png) [Download](https://sms4smile.com/quotes/i/3bc/janet-yellen-2828_possible_a-wide-range-of-possible-fiscal-policy-t_2388413.png) [Open image](https://sms4smile.com/quotes/i/3bc/janet-yellen-2828_possible_a-wide-range-of-possible-fiscal-policy-t_2388413.png) > “A wide range of possible fiscal policy tools and approaches could enhance the cyclical stability of the economy. For example, steps could be taken to increase the effectiveness of the automatic stabilizers, and some economists have proposed that greater fiscal support could be usefully provided to state and local governments during recessions.” [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Expanding fiscal tools, especially strengthening automatic stabilizers and supporting local governments during downturns, can smooth economic cycles and reduce recession severity. **In simple terms:** More fiscal tools can stabilize the economy. Key Takeaway Use targeted fiscal measures to cushion downturns. Themes economics policy fiscal stability Mood pragmatic optimistic Type policy strategic When to use this quote - budget planning - state aid - recession response Key Concepts automatic stabilizers government spending countercyclical policy Questions to Reflect On - What fiscal measures are most effective in a recession? - How can we ensure timely support to local governments? A Different Perspective Political constraints may limit fiscal expansion. ★ ★ ★ ★ ★ No ratings yet [Cyclical Stability](https://sms4smile.com/quotes/about/cyclical-stability-5940041/) [Enhance Cyclical](https://sms4smile.com/quotes/about/enhance-cyclical-5940038/) [Fiscal Support](https://sms4smile.com/quotes/about/fiscal-support-5940042/) [Possible](https://sms4smile.com/quotes/about/possible/) [Stability](https://sms4smile.com/quotes/about/stability/) [Stability Economy](https://sms4smile.com/quotes/about/stability-economy-5940039/) [Stabilizers Economists](https://sms4smile.com/quotes/about/stabilizers-economists-5940040/) [Support](https://sms4smile.com/quotes/about/support/) [Tools](https://sms4smile.com/quotes/about/tools/) ## Related quotes > [During the Greenspan-Bernanke era, the Fed has embraced the view that stability in the economy and stability in prices are mutually consistent. As long…](https://sms4smile.com/quotes/steve-hanke/during-the-greenspan-bernanke-era-the-fed-has-embraced-the-view-that/) [Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/) > [The Federal Reserve's monetary policy objective is to foster maximum employment and price stability. In this regard, a key challenge is to assess just…](https://sms4smile.com/quotes/janet-yellen/the-federal-reserve-s-monetary-policy-objective-is-to-foster-maximum/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [I am strongly committed to pursuing the dual goals that Congress has assigned us: maximum employment and price stability.](https://sms4smile.com/quotes/janet-yellen/i-am-strongly-committed-to-pursuing-the-dual-goals-that-congress-has/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from Congress.](https://sms4smile.com/quotes/janet-yellen/the-federal-open-market-committee-fomc-is-committed-to-policies-that/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Criticism, though dignified from the earliest ages by the labours of men eminent for knowledge and sagacity, has not yet attained the certainty and…](https://sms4smile.com/quotes/samuel-johnson/criticism-though-dignified-from-the-earliest-ages-by-the-labours-of/) [Samuel Johnson](https://sms4smile.com/quotes/author/samuel-johnson/) > [“Wisdom is the God-given ability to see life with rare objectivity and to handle life with rare stability.”](https://sms4smile.com/quotes/elizabeth-george/wisdom-is-the-god-given-ability-to-see-life-with-rare-objectivity-and/) [Elizabeth George](https://sms4smile.com/quotes/author/elizabeth-george/) > [Education affects every major challenge we face in society. It creates economic growth, paves the way for peace and stability and helps erase the…](https://sms4smile.com/quotes/shakira/education-affects-every-major-challenge-we-face-in-society-it-creates/) [Shakira](https://sms4smile.com/quotes/author/shakira/) > [For me, it is clear that we are currently in a period of structural crisis of capitalism going back to the 1970s, but deepening…](https://sms4smile.com/quotes/john-bellamy-foster/for-me-it-is-clear-that-we-are-currently-in-a-period-of-structural/) [John Bellamy Foster](https://sms4smile.com/quotes/author/john-bellamy-foster/) > [We immerse ourselves in escapist mass entertainment, such as 'reality T.V.' programs. We support fanatical politicians and preachers. Our politicians, in turn, support dictators…](https://sms4smile.com/quotes/brendan-myers/we-immerse-ourselves-in-escapist-mass-entertainment-such-as-reality-t/) [Brendan Myers](https://sms4smile.com/quotes/author/brendan-myers/) > [I needed to save every penny…I needed to be strong, and needed to find some way to secure a future. That’s why I am…](https://sms4smile.com/quotes/li-ka-shing/i-needed-to-save-every-penny-i-needed-to-be-strong-and-needed-to-find/) [Li Ka-shing](https://sms4smile.com/quotes/author/li-ka-shing/) > [“... stability prevents daydreaming about 'what if...' and inserts us totally into what we are doing, causing us to live with a new intensity.”](https://sms4smile.com/quotes/paul-wilkes/stability-prevents-daydreaming-about-what-if-and-inserts-us-totally/) [Paul Wilkes](https://sms4smile.com/quotes/author/paul-wilkes/) > [A nuclear-weapons armed Iran is not in anyone's human-rights interests. That is a direct threat to the lives and the livelihoods and the stability…](https://sms4smile.com/quotes/hillary-clinton/a-nuclear-weapons-armed-iran-is-not-in-anyone-s-human-rights/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [By measuring the proportion of children living with the same parents from birth and whether their parents report a good quality relationship we are…](https://sms4smile.com/quotes/iain-duncan-smith/by-measuring-the-proportion-of-children-living-with-the-same-parents/) [Iain Duncan Smith](https://sms4smile.com/quotes/author/iain-duncan-smith/) > [The 'key-log' which must be moved to release the evolutionary process for an ethic is simply this: quit thinking about decent land-use as solely…](https://sms4smile.com/quotes/land-ethic/the-key-log-which-must-be-moved-to-release-the-evolutionary-process/) [Land ethic](https://sms4smile.com/quotes/author/land-ethic/) > [There is a comfort in rituals, and rituals provide a framework for stability when you are trying to find answers.](https://sms4smile.com/quotes/deborah-norville/there-is-a-comfort-in-rituals-and-rituals-provide-a-framework-for/) [Deborah Norville](https://sms4smile.com/quotes/author/deborah-norville/) ## More by Janet Yellen > [Nationally, the share of mortgages that are underwater fell by about one-half between 2011 and 2014.](https://sms4smile.com/quotes/janet-yellen/nationally-the-share-of-mortgages-that-are-underwater-fell-by-about/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously.](https://sms4smile.com/quotes/janet-yellen/will-capitalist-economies-operate-at-full-employment-in-the-absence/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Individuals out of work for an extended period can become less employable as they lose the specific skills acquired in their previous jobs and…](https://sms4smile.com/quotes/janet-yellen/individuals-out-of-work-for-an-extended-period-can-become-less/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [For decades, the pace of technological change in manufacturing has outstripped that in the economy as a whole. And, so, firms - manufacturing firms…](https://sms4smile.com/quotes/janet-yellen/for-decades-the-pace-of-technological-change-in-manufacturing-has/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow…](https://sms4smile.com/quotes/janet-yellen/for-my-own-part-i-did-not-see-and-did-not-appreciate-what-the-risks/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [It's important for market participants to have a sense of how we think about the economy and the appropriate path of policy, to look…](https://sms4smile.com/quotes/janet-yellen/it-s-important-for-market-participants-to-have-a-sense-of-how-we/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [If there is a job that you feel passionate about, do what you can to pursue that job; if there is a purpose about…](https://sms4smile.com/quotes/janet-yellen/if-there-is-a-job-that-you-feel-passionate-about-do-what-you-can-to/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Although we work through financial markets, our goal is to help Main Street, not Wall Street.](https://sms4smile.com/quotes/janet-yellen/although-we-work-through-financial-markets-our-goal-is-to-help-main/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [I felt that the Fed had always been the agency that picked up the pieces when there was a financial crisis, and it was…](https://sms4smile.com/quotes/janet-yellen/i-felt-that-the-fed-had-always-been-the-agency-that-picked-up-the/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Increased business sales would almost certainly raise the productive capacity of the economy by encouraging additional capital spending, especially if accompanied by reduced uncertainty…](https://sms4smile.com/quotes/janet-yellen/increased-business-sales-would-almost-certainly-raise-the-productive/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [There were a lot of manufacturing jobs lost over a long period of time and particularly after - during the Great Recession. We've had…](https://sms4smile.com/quotes/janet-yellen/there-were-a-lot-of-manufacturing-jobs-lost-over-a-long-period-of/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices…](https://sms4smile.com/quotes/janet-yellen/uncertainty-about-sales-impedes-business-planning-and-could-harm/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Stronger productivity growth would tend to raise the average level of interest rates and, therefore, would provide the Federal Reserve with greater scope to…](https://sms4smile.com/quotes/janet-yellen/stronger-productivity-growth-would-tend-to-raise-the-average-level-of/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from Congress.](https://sms4smile.com/quotes/janet-yellen/the-federal-open-market-committee-fomc-is-committed-to-policies-that/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [To me, the greatest asset of the Fed is the people. We have a tremendously dedicated staff... They feel proud to work for the…](https://sms4smile.com/quotes/janet-yellen/to-me-the-greatest-asset-of-the-fed-is-the-people-we-have-a/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) [Explore all 148 Janet Yellen quotes ](https://sms4smile.com/quotes/author/janet-yellen/) ## More Possible quotes > [“Without pain, poetry is not possible.”](https://sms4smile.com/quotes/seerat/without-pain-poetry-is-not-possible/) [seerat](https://sms4smile.com/quotes/author/seerat/) > [He found in the world without as actual what was in his world within as possible.](https://sms4smile.com/quotes/james-joyce/he-found-in-the-world-without-as-actual-what-was-in-his-world-within/) [James Joyce](https://sms4smile.com/quotes/author/james-joyce/) > [We live in such a special time when literally anything we can think of is possible](https://sms4smile.com/quotes/daniel-willey/we-live-in-such-a-special-time-when-literally-anything-we-can-think/) [Daniel Willey](https://sms4smile.com/quotes/author/daniel-willey/) > [Find out whats possible, If you never give up.](https://sms4smile.com/quotes/austin-mahone/find-out-whats-possible-if-you-never-give-up/) [Austin Mahone](https://sms4smile.com/quotes/author/austin-mahone/) > [“Are Seth and I seeing each other? Is that even possible? I mean, inter-realmal dating?”](https://sms4smile.com/quotes/katie-klein/are-seth-and-i-seeing-each-other-is-that-even-possible-i-mean-inter/) [Katie Klein](https://sms4smile.com/quotes/author/katie-klein/) > [We need to fight to prove to people that it is possible to form an E.U. migration policy that is in line with the…](https://sms4smile.com/quotes/viktor-orban/we-need-to-fight-to-prove-to-people-that-it-is-possible-to-form-an-e/) [Viktor Orban](https://sms4smile.com/quotes/author/viktor-orban/) > [You never know what the future has in store, but if possible I'd like to hang up my boots at Barcelona.](https://sms4smile.com/quotes/jordi-alba/you-never-know-what-the-future-has-in-store-but-if-possible-i-d-like/) [Jordi Alba](https://sms4smile.com/quotes/author/jordi-alba/) > [I didn't think it was possible for Asians to be actors.](https://sms4smile.com/quotes/john-cho/i-didn-t-think-it-was-possible-for-asians-to-be-actors/) [John Cho](https://sms4smile.com/quotes/author/john-cho/) > [That's what all art's about - a sense of moving away from boundaries that you can't in real life. Like a dancer is always…](https://sms4smile.com/quotes/kate-bush/that-s-what-all-art-s-about-a-sense-of-moving-away-from-boundaries/) [Kate Bush](https://sms4smile.com/quotes/author/kate-bush/) > [“Anything is possible if you're true to yourself.”](https://sms4smile.com/quotes/haresh-sippy/anything-is-possible-if-you-re-true-to-yourself/) [Haresh Sippy](https://sms4smile.com/quotes/author/haresh-sippy/) > [If it was possible for me to adopt, I probably would, but no one's going to let me adopt.](https://sms4smile.com/quotes/graham-norton/if-it-was-possible-for-me-to-adopt-i-probably-would-but-no-one-s/) [Graham Norton](https://sms4smile.com/quotes/author/graham-norton/) > [Patients' lives are more important than embryos. I do want to avoid the use of embryos if possible.](https://sms4smile.com/quotes/shinya-yamanaka/patients-lives-are-more-important-than-embryos-i-do-want-to-avoid-the/) [Shinya Yamanaka](https://sms4smile.com/quotes/author/shinya-yamanaka/) > [I've had a VHS collection for many, many years. But I would prefer to watch a movie in the best format possible.](https://sms4smile.com/quotes/panos-cosmatos/i-ve-had-a-vhs-collection-for-many-many-years-but-i-would-prefer-to/) [Panos Cosmatos](https://sms4smile.com/quotes/author/panos-cosmatos/) > [But if you listen to great piano players, both classical and jazz, there's a huge range of dynamics and colors and emotional expression that's…](https://sms4smile.com/quotes/gary-burton/but-if-you-listen-to-great-piano-players-both-classical-and-jazz/) [Gary Burton](https://sms4smile.com/quotes/author/gary-burton/) > [I've tried to work as hard as possible.](https://sms4smile.com/quotes/ryan-babel/i-ve-tried-to-work-as-hard-as-possible/) [Ryan Babel](https://sms4smile.com/quotes/author/ryan-babel/) [Browse all 4,664 Possible quotes ](https://sms4smile.com/quotes/about/possible/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "A wide range of possible fiscal policy tools and approaches could enhance the cyclical stability of the economy. For example, steps could be taken to increase the effectiveness of the automatic stabilizers, and some economists have proposed that greater fiscal support could be usefully provided to state and local governments during recessions.", "creator": { "@type": "Person", "name": "Janet Yellen" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/janet-yellen/a-wide-range-of-possible-fiscal-policy-tools-and-approaches-could/", "about": { "@type": "Thing", "name": "Possible" }, "@id": "https://sms4smile.com/quotes/janet-yellen/a-wide-range-of-possible-fiscal-policy-tools-and-approaches-could/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/3bc/janet-yellen-2828_possible_a-wide-range-of-possible-fiscal-policy-t_2388413.png", "contentUrl": "https://sms4smile.com/quotes/i/3bc/janet-yellen-2828_possible_a-wide-range-of-possible-fiscal-policy-t_2388413.png", "url": "https://sms4smile.com/quotes/i/3bc/janet-yellen-2828_possible_a-wide-range-of-possible-fiscal-policy-t_2388413.png", "width": 1080, "height": 1080, "caption": "“A wide range of possible fiscal policy tools and approaches could enhance the cyclical stability of the…” — Janet Yellen", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Janet Yellen", "item": "https://sms4smile.com/quotes/author/janet-yellen/" }, { "@type": "ListItem", "position": 4, "name": "A wide range of possible fiscal...", "item": "https://sms4smile.com/quotes/janet-yellen/a-wide-range-of-possible-fiscal-policy-tools-and-approaches-could/" } ], "@id": "https://sms4smile.com/quotes/janet-yellen/a-wide-range-of-possible-fiscal-policy-tools-and-approaches-could/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```