--- title: "Meaning & Key Takeaway of: Fiscal policy, monetary policy, they need…" description: "\"Fiscal policy, monetary policy, they need to work together to try and raise the level of growth.\" — Joe Hockey" image: "https://sms4smile.com/quotes/i/049/joe-hockey-36488_fiscal-policy_fiscal-policy-monetary-policy-they-need_1713045.png" --- # Fiscal policy, monetary policy, they need to work together… ![“Fiscal policy, monetary policy, they need to work together to try and raise the level of growth.” quote by Joe Hockey](https://sms4smile.com/quotes/i/049/joe-hockey-36488_fiscal-policy_fiscal-policy-monetary-policy-they-need_1713045.png) [Download](https://sms4smile.com/quotes/i/049/joe-hockey-36488_fiscal-policy_fiscal-policy-monetary-policy-they-need_1713045.png) [Open image](https://sms4smile.com/quotes/i/049/joe-hockey-36488_fiscal-policy_fiscal-policy-monetary-policy-they-need_1713045.png) > “Fiscal policy, monetary policy, they need to work together to try and raise the level of growth.” [Joe Hockey](https://sms4smile.com/quotes/author/joe-hockey/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Coordinated fiscal and monetary actions boost economic growth. **In simple terms:** Policies must work together for growth. Key Takeaway Align policies for growth. Themes economics policy growth Mood optimistic strategic Type policy economic When to use this quote - government budgeting - central bank decisions - business planning - investment strategies Key Concepts macroeconomics coordination stimulus Questions to Reflect On - How can governments better synchronize policies? - What risks arise from misaligned policies? A Different Perspective Political constraints can limit coordination. ★ ★ ★ ★ ★ No ratings yet [Fiscal policy](https://sms4smile.com/quotes/about/fiscal-policy/) [Growth](https://sms4smile.com/quotes/about/growth/) [Monetary policy](https://sms4smile.com/quotes/about/monetary-policy/) [Work together](https://sms4smile.com/quotes/about/work-together/) [Working together](https://sms4smile.com/quotes/about/working-together/) ## Related quotes > [Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal…](https://sms4smile.com/quotes/amity-shlaes/europe-unified-its-monetary-policy-through-the-euro-before-it-unified/) [Amity Shlaes](https://sms4smile.com/quotes/author/amity-shlaes/) > [I'm not trying to be diplomatic. I'm trying to be more nuanced and realistic. I think there has to be a serious examination of…](https://sms4smile.com/quotes/stephen-harper/i-m-not-trying-to-be-diplomatic-i-m-trying-to-be-more-nuanced-and/) [Stephen Harper](https://sms4smile.com/quotes/author/stephen-harper/) > [I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.](https://sms4smile.com/quotes/paul-krugman/i-ve-always-believed-in-expansionary-monetary-policy-and-if-necessary/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important…](https://sms4smile.com/quotes/warren-buffett/it-s-important-to-have-the-right-monetary-policy-it-s-important-for/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Fiscal policy will need to manage trade-offs between supporting demand, protecting social spending, and ensuring that public debt remains on a sustainable path, with…](https://sms4smile.com/quotes/gita-gopinath/fiscal-policy-will-need-to-manage-trade-offs-between-supporting/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [Our ability to predict how the federal funds rate will evolve over time is quite limited because monetary policy will need to respond to…](https://sms4smile.com/quotes/janet-yellen/our-ability-to-predict-how-the-federal-funds-rate-will-evolve-over/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and…](https://sms4smile.com/quotes/ben-bernanke/monetary-policy-has-less-room-to-maneuver-when-interest-rates-are/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [When you're facing the threat of recession, you need to have an expansionary monetary and fiscal policy. 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(...) The American people have suffered long enough under…](https://sms4smile.com/quotes/ron-paul/quantitative-easing-is-just-the-latest-chapter-in-the-federal-reserve/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.](https://sms4smile.com/quotes/urjit-patel/monetary-policy-transmission-encompasses-the-whole-continuum-of/) [Urjit Patel](https://sms4smile.com/quotes/author/urjit-patel/) > [Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control…](https://sms4smile.com/quotes/friedrich-august-von-hayek/inflation-is-probably-the-most-important-single-factor-in-that/) [Friedrich August von Hayek](https://sms4smile.com/quotes/author/friedrich-august-von-hayek/) > [That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we…](https://sms4smile.com/quotes/vaclav-klaus/that-means-following-a-very-restrictive-fiscal-and-monetary-policy/) [Vaclav Klaus](https://sms4smile.com/quotes/author/vaclav-klaus/) ## More by Joe Hockey > [No matter what happens in the future, whether it is a Labor government or a Coalition government, whoever is in government is going to…](https://sms4smile.com/quotes/joe-hockey/no-matter-what-happens-in-the-future-whether-it-is-a-labor-government/) [Joe Hockey](https://sms4smile.com/quotes/author/joe-hockey/) > [I will never ever support a people swap where you can send a 13 year old child, unaccompanied to a country without supervision. Never,…](https://sms4smile.com/quotes/joe-hockey/i-will-never-ever-support-a-people-swap-where-you-can-send-a-13-year/) [Joe Hockey](https://sms4smile.com/quotes/author/joe-hockey/) > [As Australians, we must not leave our children worse off. That’s not fair. That is not our way.](https://sms4smile.com/quotes/joe-hockey/as-australians-we-must-not-leave-our-children-worse-off-that-s-not/) [Joe Hockey](https://sms4smile.com/quotes/author/joe-hockey/) > [It is not the role of government to use the taxation and welfare system as a tool to level the playing field.](https://sms4smile.com/quotes/joe-hockey/it-is-not-the-role-of-government-to-use-the-taxation-and-welfare/) [Joe Hockey](https://sms4smile.com/quotes/author/joe-hockey/) > [I will never ever support a people swap where you can send a 13-year-old child unaccompanied to a country without supervision. Never. It will…](https://sms4smile.com/quotes/joe-hockey/i-will-never-ever-support-a-people-swap-where-you-can-send-a-13-year-2/) [Joe Hockey](https://sms4smile.com/quotes/author/joe-hockey/) > [I'm not as bearish as many others about China. Why? Because China must grow. So I am far more optimistic about China.](https://sms4smile.com/quotes/joe-hockey/i-m-not-as-bearish-as-many-others-about-china-why-because-china-must/) [Joe Hockey](https://sms4smile.com/quotes/author/joe-hockey/) > [Everyone is a buyer, everyone's a potential purchaser and everyone's a potential vendor.](https://sms4smile.com/quotes/joe-hockey/everyone-is-a-buyer-everyone-s-a-potential-purchaser-and-everyone-s-a/) [Joe Hockey](https://sms4smile.com/quotes/author/joe-hockey/) > [The poorest people either don't have cars or actually don't drive very far in many cases.](https://sms4smile.com/quotes/joe-hockey/the-poorest-people-either-don-t-have-cars-or-actually-don-t-drive/) [Joe Hockey](https://sms4smile.com/quotes/author/joe-hockey/) > [In fact, in Parliament, I pointed out that Australians on average incomes would move into the second highest tax bracket in the next couple…](https://sms4smile.com/quotes/joe-hockey/in-fact-in-parliament-i-pointed-out-that-australians-on-average/) [Joe Hockey](https://sms4smile.com/quotes/author/joe-hockey/) > [I'm not going to count the dollars before they've come in.](https://sms4smile.com/quotes/joe-hockey/i-m-not-going-to-count-the-dollars-before-they-ve-come-in/) [Joe Hockey](https://sms4smile.com/quotes/author/joe-hockey/) > [We will continue to go out onto the streets and to protest, and actively encourage the public to support us in our campaign for…](https://sms4smile.com/quotes/joe-hockey/we-will-continue-to-go-out-onto-the-streets-and-to-protest-and/) [Joe Hockey](https://sms4smile.com/quotes/author/joe-hockey/) > [I find those wind turbines around Lake George to be utterly offensive. I think they're just a blight on the landscape.](https://sms4smile.com/quotes/joe-hockey/i-find-those-wind-turbines-around-lake-george-to-be-utterly-offensive/) [Joe Hockey](https://sms4smile.com/quotes/author/joe-hockey/) [Explore all 13 Joe Hockey quotes ](https://sms4smile.com/quotes/author/joe-hockey/) ## More Fiscal policy quotes > [Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to…](https://sms4smile.com/quotes/ayn-rand/inflation-is-not-caused-by-the-actions-of-private-citizens-but-by-the/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal…](https://sms4smile.com/quotes/amity-shlaes/europe-unified-its-monetary-policy-through-the-euro-before-it-unified/) [Amity Shlaes](https://sms4smile.com/quotes/author/amity-shlaes/) > [Too often in recent history liberal governments have been wrecked on rocks of loose fiscal policy.](https://sms4smile.com/quotes/franklin-d-roosevelt/too-often-in-recent-history-liberal-governments-have-been-wrecked-on/) [Franklin D. Roosevelt](https://sms4smile.com/quotes/author/franklin-d-roosevelt/) > [The prudential regulation that I have put in place has been absolutely critical. The fiscal policy which we have put in place has been…](https://sms4smile.com/quotes/peter-costello/the-prudential-regulation-that-i-have-put-in-place-has-been/) [Peter Costello](https://sms4smile.com/quotes/author/peter-costello/) > [I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.](https://sms4smile.com/quotes/paul-krugman/i-ve-always-believed-in-expansionary-monetary-policy-and-if-necessary/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [Democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of…](https://sms4smile.com/quotes/alexander-fraser-tytler/democracy-cannot-exist-as-a-permanent-form-of-government-it-can-only/) [Alexander Fraser Tytler](https://sms4smile.com/quotes/author/alexander-fraser-tytler/) > [Fiscal policy is a very important part of the tool kit for policy makers.](https://sms4smile.com/quotes/gita-gopinath/fiscal-policy-is-a-very-important-part-of-the-tool-kit-for-policy/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [Abenomics, quantitative easing, fiscal policy - we know all the issues.](https://sms4smile.com/quotes/jamie-dimon/abenomics-quantitative-easing-fiscal-policy-we-know-all-the-issues/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse…](https://sms4smile.com/quotes/alexander-fraser-tytler/a-democracy-cannot-exist-as-a-permanent-form-of-government-it-can-3/) [Alexander Fraser Tytler](https://sms4smile.com/quotes/author/alexander-fraser-tytler/) > [I'm not trying to be diplomatic. I'm trying to be more nuanced and realistic. I think there has to be a serious examination of…](https://sms4smile.com/quotes/stephen-harper/i-m-not-trying-to-be-diplomatic-i-m-trying-to-be-more-nuanced-and/) [Stephen Harper](https://sms4smile.com/quotes/author/stephen-harper/) > [If we have a common currency, the main regulator for policy in the country is the fiscal policy.](https://sms4smile.com/quotes/iveta-radicova/if-we-have-a-common-currency-the-main-regulator-for-policy-in-the/) [Iveta Radicova](https://sms4smile.com/quotes/author/iveta-radicova/) > [The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency…](https://sms4smile.com/quotes/ron-paul/the-greatest-threat-facing-america-today-is-the-disastrous-fiscal/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale](https://sms4smile.com/quotes/thomas-jefferson/the-principle-of-spending-money-to-be-paid-by-posterity-under-the/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [Fiscal policy will need to manage trade-offs between supporting demand, protecting social spending, and ensuring that public debt remains on a sustainable path, with…](https://sms4smile.com/quotes/gita-gopinath/fiscal-policy-will-need-to-manage-trade-offs-between-supporting/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [We've got to be explicit that the road to greater economic success does not lie in this cosy assumption that you can move from…](https://sms4smile.com/quotes/gordon-brown/we-ve-got-to-be-explicit-that-the-road-to-greater-economic-success/) [Gordon Brown](https://sms4smile.com/quotes/author/gordon-brown/) [Browse all 46 Fiscal policy quotes ](https://sms4smile.com/quotes/about/fiscal-policy/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Fiscal policy, monetary policy, they need to work together to try and raise the level of growth.", "creator": { "@type": "Person", "name": "Joe Hockey" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/joe-hockey/fiscal-policy-monetary-policy-they-need-to-work-together-to-try-and/", "about": { "@type": "Thing", "name": "Fiscal policy" }, "@id": "https://sms4smile.com/quotes/joe-hockey/fiscal-policy-monetary-policy-they-need-to-work-together-to-try-and/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/049/joe-hockey-36488_fiscal-policy_fiscal-policy-monetary-policy-they-need_1713045.png", "contentUrl": "https://sms4smile.com/quotes/i/049/joe-hockey-36488_fiscal-policy_fiscal-policy-monetary-policy-they-need_1713045.png", "url": "https://sms4smile.com/quotes/i/049/joe-hockey-36488_fiscal-policy_fiscal-policy-monetary-policy-they-need_1713045.png", "width": 1080, "height": 1080, "caption": "“Fiscal policy, monetary policy, they need to work together to try and raise the level of growth.” — Joe Hockey", "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": "Joe Hockey", "item": "https://sms4smile.com/quotes/author/joe-hockey/" }, { "@type": "ListItem", "position": 4, "name": "Fiscal policy, monetary policy, they need...", "item": "https://sms4smile.com/quotes/joe-hockey/fiscal-policy-monetary-policy-they-need-to-work-together-to-try-and/" } ], "@id": "https://sms4smile.com/quotes/joe-hockey/fiscal-policy-monetary-policy-they-need-to-work-together-to-try-and/#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 } } ] } ```