7.1 Fiscal Policy and Effects o Developing Stages of Western Fiscal Policies 6o1936-1945: anti-depression, simple and inflationary fiscal policy 6o1945-1961: anti-business-cycle and compensative fiscal policy o1961-1979: fiscal policies with full employment budget .o1981- 1991: fiscal policies of supply-side school 友学经济学院7.1 Fiscal Policy and Effects  Developing Stages of Western Fiscal Policies ❖ 1936 ~ 1945: anti-depression, simple and inflationary fiscal policy ❖ 1945 ~ 1961:anti-business-cycle and compensative fiscal policy ❖ 1961 ~ 1979: fiscal policies with full employment budget ❖ 1981 ~ 1991:fiscal policies of supply-side school