The North American Free Trade Agreement includes a common monetary and fiscal policy between member nations.

Fiscal Policy

Economic policies used by a government, involving changes in taxation and spending, to influence the economy.

Monetary Policy

Refers to the actions undertaken by a nation's central bank to control the money supply to achieve macroeconomic goals that promote sustainable economic growth.

NAFTA

The North American Free Trade Agreement, a treaty made to eliminate trade barriers between the U.S., Canada, and Mexico.