The expansionary policy of the European Central Bank, though not free of grave errors, has been somewhat less irresponsible than that of the Federal Reserve.
However,with the sustained fall in the general price level,that expansionary effect on the general demand will change to affect the general demand negatively by the direction changing of Pigou-effect,Keynes-effect and the restriction of Mundel-Fleming-effect.
One caustic critic referred to claims about the expansionary effects of austerity as amounting to belief in the “confidence fairy.”
But is it right to claim, as Mr Trichet and other devotees of "expansionary fiscal consolidations" do, that belt-tightening can actually aid growth in the short term?
Mr Tuchtfeld calculates that fiscal policy will be neutral or even slightly expansionary in 2012.
Now the spread of the Revolution and French expansionary policies during the era of the Napoleonic Wars, contributed to an entire series of new intellectual trends in the early 19th century.
Australia, it said, was experiencing a "large expansionary shock from the terms of trade at a time when there are relatively modest amounts of spare capacity".
TO SUSTAIN its expansionary fiscal policies, Cristina fernandez's government has developed an insatiable hunger for other people's cash.
According to the rational expectations theory, expansionary monetary policy will:Cause money wages to adjust upward to higher expected inflation almost immediately.
Solution to deflation normally involves expansionary fiscal and monetary policies.
the empire's expansionary policies in Asia.
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