Why is monetary policy faster than fiscal policy in one respect and slower in another?

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Question

Why is monetary policy faster than fiscal policy in one respect and slower in another?

Accepted Answer

Faster to decide, since a committee can act in weeks, but slower to take effect, since rate changes work through borrowing decisions over months — Award 1 mark. Government spending by contrast enters the circular flow immediately.

Answer

Slower to decide but faster to take effect, since rates change instantly

Answer

Both policies act at exactly the same speed

Answer

Faster to decide and faster to take effect in every case

Answer

Faster to decide, since a committee can act in weeks, but slower to take effect, since rate changes work through borrowing decisions over months

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