Elliott, Feldberg, and Lehnert review the use of such measures in the United States. 10 Frequently, these policies were aimed at encouraging or discouraging activity in particular sectors, for example agriculture, exports, manufacturing, or housing; sometimes broad, non-interest-rate measures were used to try to deal with inflation or asset-price increases, for instance, the use of credit controls.
Therefore, it is recommended to approve the budget for 2021 very soon, while converging to the multiyear fiscal frameworks that will stabilize the debt to GDP ratio and at the same time will allow flexibility due to the considerable uncertainty. To that end the following principles should be adopted: 1.