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portfolio selection (GO)<br />The choice of a mixture of financial assets to constitute the holdings of wealth of an individual or an institution. Available information, attitude towards risk and the income aims of the holder of the portfolio will all determine the selection. The resultant portfolio will often be a mixture of risky and safe assets.<br /><em>Reference</em><br />Tobin, J. (1958) 'Liquidity preference as behaviour towards risk', Review of Economic Studies 25: 65 - 86.
International Monetary Market (G1)<br />A Chicago-based market established in 1982 for dealing in money futures.
fiscal policy (H3)<br />The taxation and expenditure policy of a government. Prior to KEYNES, public finance economists were chiefly interested in TAX INCIDENcE; subsequently, they accorded fiscal policy a more active role, making it a major part of STABILIZATION POLICY in the 1950s and 1960s. The extent to which fiscal policy can be employed depends on what a government can observe of economic behaviour (thus it cannot tax the black economy), on behavioural responses to fiscal changes and on time lags.<br /><em>See also:</em> fine-tuning; fiscal neutrality
<strong>Plain Language Disclosure statement</strong> – Document providing FFEL Program terms and other information in “plain language” (instead of jargon).
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