Economics Hopper, L. (2018, Oct 10). Here's the difference between fiscal policy and monetary policy. Open Vault 3109, Federal Reserve Bank of St. Louis. 1. (4 pts) According to Hopper, what are the four key tools of monetary policy? Which of these is the most important and active? Hayes, A. (2019, Jun 25). Fiscal policy vs. monetary policy: Pros & cons. Investopedfa. 2. (4 pts) According to Hayes, monetary policy is general, while fiscal policy can be specific. Why is this important