economic instrument (Q722)
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Economic instruments, or "treasury" in Hood and Margetts' NATO scheme, are instruments that have the power over money, taxation, and spending or influencing markets. Examples are Carbon taxes or cap-and-trade schemes.
- economic instruments
- treasury instrument
- treasure instruments
- pecuniary instrument
- pecuniary instruments
- pecuniary policy instruments
- pecuniary policy instrument
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | economic instrument |
Economic instruments, or "treasury" in Hood and Margetts' NATO scheme, are instruments that have the power over money, taxation, and spending or influencing markets. Examples are Carbon taxes or cap-and-trade schemes. |
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Statements
Economic instruments, or "treasury" in Hood and Margetts' NATO scheme, are tools used to spend or raise money and influence markets, with authority over areas such as taxation and spending. In climate policy, economic instruments are often employed to incentivise behavioural change by introducing subsidies or carbon pricing.