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It is another form of monetary activism.
His economic plan is simple and clear: fiscal restraint, coupled with monetary activism.
"Our economic plan combines monetary activism with fiscal responsibility and supply-side reform.
The results of four years of monetary activism from the Bank have been disappointing.
The FT reports: The Treasury sees monetary activism as crucial for underpinning the recovery.
Many of his critics back the monetary activism of the European Central Bank and few are fiscal sadists.
Similar(40)
Such minuscule returns are the result of an unprecedented era of monetary policy activism.
With only brief interruptions, we've had eight decades of increasingly frenetic fiscal and monetary policy activism intended to counter the cyclical bumps and grinds of the free market and its purported tendency to underproduce jobs and economic output.
All are MIT alumni from about the same time.That background might predispose the new ECB president to the sort of monetary-policy activism that the Fed has gone in for.
This is the crux of Mr Grant's thesis that it cured itself, and that monetary and fiscal activism only made things worse in later downturns.
In this paper we examine the optimal level of central bank activism in a standard model of monetary policy with uncertainty, learning and strategic interactions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com