Description: This 1981 session on Fiscal and Monetary Policy dealt with questions of i. What are current U.S. and Canadian policies? 2. What is the outlook for fiscal policy in the U.S. and Canada? 3. What does current monetary policy imply for financial and credit markets and interest rates? 4. What political, social and economic changes must occur for nominal interest rates to begin steadily declining toward parity with real interest rates? From Record of Society of Actuaries, Vol. 7, No. 2.