Shadowing Practice: Monetary vs Fiscal Policy Explained | PART 1 | Think Econ - Learn English Speaking with Video
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Hey everyone and welcome back to the channel.
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In this video we'll be looking at the biggest differences between monetary and fiscal policy.
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With that said let's get into it.
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So when looking at policy there's two main types that we talk about.
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We talk about fiscal policy and monetary policy
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and there's five main differences between them that we're going to be highlighting in this video very briefly.
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Firstly for fiscal policy it's controlled by the government
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so these are governmental decisions and monetary policy is actually controlled by the central bank
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so depending on which nation you're in that may be a different party
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but in canada that's the bank of canada in the united states the federal reserve
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and so on and so forth each country has a related central bank
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and that central bank implements monetary policy whereas their government implements fiscal policy the second big difference is
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that fiscal policy takes place by changing taxation
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and government spending whereas monetary policy takes place by changing the interest rate
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so the key drivers in these two policies are very different things again one taxation
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and government spending is controlled by the government
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and the interest rate is set by the central bank the third difference is
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that the main goals of fiscal policy are full employment
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and economic growth
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while the main goals of monetary policy is to manage inflation once again you might notice trend full employment
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and economic growth are very government heavy goals
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and managing inflation is the biggest cause for changing the interest rate in the first place
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so a very central bank -oriented goal as well.
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The fourth difference is that fiscal policy looks at the supply side
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and monetary policy looks at the demand side of an economy.
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So on the supply side think of investment and production and on the demand side think of consumption and retail investment.
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So finally this last one which is pretty intuitive is
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that fiscal policy inevitably takes longer and
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that monetary policy is just faster to implement
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and the reason for this once again is primarily due to who runs the show.
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The government runs the show for fiscal policy and that takes legislation
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and lots of red tape to get through versus monetary policy
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which is done by the central bank is pretty immediate when
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that overnight interest rate changes the banks and other financial institutions react very quickly
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and then that very quickly gets reflected to the general public
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and it hits its goals much faster now sometimes fiscal policy
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and monetary policy work together and sometimes they actually conflict one another
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and we'll talk about
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that in a different video in this video we just want to highlight the five main differences between them
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if you found this video helpful let us know by liking
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the video subscribing to the channel of course let us know in the comments section what sort of economic topics
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or homework questions you'd like to see us cover in the future.
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Thanks for watching this video and we'll catch you in the next.
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Woordenschat en spreektips bij deze les
Deze spreekles is gebaseerd op de video “Monetary vs Fiscal Policy Explained”. Deze woorden komen het vaakst terug: policy, monetary, fiscal, bank, difference. Deze video bevat 43 zinnen en 519 woorden om na te spreken. Het gesproken deel duurt 2:29. De spreker praat snel, ongeveer 209 woorden per minuut, dus reken op verbonden en ingeslikte klanken. 89% van de woorden hoort bij de 3.000 meest gebruikte Engelse woorden, dus de woordenschat is goed te volgen.
Belangrijke woorden in deze video
15 woorden uit de video die het leren waard zijn, met uitspraak en betekenis:
| Woord | Uitspraak | Betekenis |
|---|---|---|
| fiscal bijvoeglijk naamwoord | /ˈfɪskəl/ | fiscaal |
| monetary bijvoeglijk naamwoord | /ˈmʌnɪtəɹi/ | geld-, geldelijk |
| implement werkwoord | /ˈɪmpləmənt/ | implementeren, (in de praktijk) toepassen |
| whereas | /(h)wɛɹˈæz/ | hoewel, terwijl |
| highlight werkwoord | /ˈhaɪˌlaɪt/ | naar voren halen, benadrukken |
| inflation zelfstandig naamwoord | /ɪnˈfleɪ.ʃən/ | inflatie |
| taxation zelfstandig naamwoord | /tækˈseɪ.ʃən/ | belasting, heffing |
| topic zelfstandig naamwoord | /ˈtɑpɪk/ | onderwerp, thema |
| helpful bijvoeglijk naamwoord | /ˈhɛlp.fl̩/ | behulpzaam |
| institution zelfstandig naamwoord | /ˌɪn.stɪˈtʃuː.ʃən/ | instelling |
| reflect werkwoord | /ɹɪˈflɛkt/ | weerkaatsen |
| consumption zelfstandig naamwoord | /kənˈsʌmp.ʃən/ | consumptie, verbruik |
| versus | /ˈvɝsəs/ | tegen |
| briefly bijwoord | /ˈbɹiːfli/ | kortweg |
| depend werkwoord | /dɪˈpɛnd/ | afhangen |
Uitspraak om op te letten
De spreker gebruikt 6 samentrekkingen en verkorte vormen, zoals we'll, we're, you'd. Spreek ze kort uit, zoals je ze hoort.
- De klanken “sh” en “zh”: inflation /ɪnˈfleɪ.ʃən/, taxation /tækˈseɪ.ʃən/, institution /ˌɪn.stɪˈtʃuː.ʃən/, consumption /kənˈsʌmp.ʃən/
- Lange woorden — let op de klemtoon: monetary /ˈmʌnɪtəɹi/, primarily /ˈpɹaɪ.mə.ɹə.li/, institution /ˌɪn.stɪˈtʃuː.ʃən/, inevitably /ɪˈnɛvɪtəbli/, governmental /ˌɡʌvɚnˈmɛnt(ə)l/
Klanken die Nederlandstaligen lastig vinden:
- Stemhebbende eindmedeklinker — /b/, /d/, /g/, /z/, /v/ niet verscherpen: whereas /(h)wɛɹˈæz/, depend /dɪˈpɛnd/, subscribe /səbˈskɹaɪb/, intuitive /ɪnˈtjuːɪtɪv/
- /æ/ — opener dan de Nederlandse “e”: whereas /(h)wɛɹˈæz/, taxation /tækˈseɪ.ʃən/, react /ɹiːˈækt/
- /w/ — met ronde lippen: whereas /(h)wɛɹˈæz/, homework /ˈhoʊmˌwɝk/
Zo oefen je met deze video
- Luister de hele video één keer zonder te spreken en noteer de woorden die je niet kent.
- Begin op 0,75× snelheid, spreek zin voor zin na en ga terug naar normale snelheid zodra het makkelijk gaat.
- Neem jezelf op en vergelijk met het origineel; let daarbij op woorden als fiscal, monetary, implement.
Wat is de Shadowing-techniek?
Shadowing is een wetenschappelijk onderbouwde taalleermethode die oorspronkelijk is ontwikkeld voor professionele tolkentraining en gepopulariseerd door polyglot Dr. Alexander Arguelles. De methode is eenvoudig maar krachtig: je luistert naar native Engelse audio en herhaalt het onmiddellijk hardop — als een schaduw die de spreker volgt met slechts 1–2 seconden vertraging. In tegenstelling tot passief luisteren of grammaticadrills, dwingt shadowing je hersenen en mondspieren om echte spraakpatronen tegelijkertijd te verwerken en te reproduceren. Onderzoek toont aan dat het de uitspraaknauwkeurigheid, intonatie, ritme, verbonden spraak, luisterbegrip en spreekvaardigheid aanzienlijk verbetert — waardoor het een van de meest effectieve methoden is voor IELTS Speaking-voorbereiding en echte Engelse communicatie.