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Definition of 'Fixed-Rule Policy'
A fiscal or monetary policy designed to be an economic goal or target of a government. A fixed-rule policy, by definition, is pursued no matter the condition of the economy, and is considered independent of the current economic state.
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Investopedia explains 'Fixed-Rule Policy'
For example, a fixed-rule policy of any government could be that the maximum target level of inflation must be less then 5% for any given year, as measured by the consumer price index (CPI). By creating a fixed-rule policy, a government can focus on longer term goals for an economy, and provide economic direction.
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Search results for 'Fixed-Rule Policy'
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http://www.investopedia.com/exam-guide/series-7/municipal-securities/issuing-munis.asp
... As with other bonds, munis generally pay interest semi-annually, although this is
not a fixed rule. ... All Rights Reserved | Terms Of Use | Privacy Policy.
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