Summary
In this paper, the ranging effects of fiscal policy and how it affects an economy shall be discussed in an
empirical analysis. The discussion shall extend around the fiscal policy which is a policy on basis of tax
and government spending adjustments, the types of fiscal policy and how much of a vital role it plays in an
economy, and then further discuss the aggregate demand concept. There shall also be a brief analysis of the
Helicopter money and then move on to an in-depth analysis of the fiscal policy implementation according
to continents. There shall also be a discussion about the designation of fiscal stimulus in a world affected
by the novel coronavirus. Overall, it shall talk about fiscal policy, its components and complements, and its
evolution over the years.