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Monetary expansion in the United States provided reserves for other countries; monetary contraction absorbed reserves.
Monetary expansion is ineffective unless it can raise expectations of future inflation.
Monetary expansion by the Bank of Japan looks like the best the rest of the world can hope for at the moment.
No, monetary expansion needn't cause hyperinflation.
Japan never recovered from the huge monetary expansion that followed.
Spending cuts and an end to monetary expansion.
The recession-fighting effects of monetary expansion, however, are not limited to the housing market.
Forecasters assumed that monetary expansion would provide an effective antidote to fiscal contraction.
It stabilised its banks and opted strong and early for monetary expansion.
In this case, increased spending and monetary expansion are both parts of the same process.
The Bank of Japan has started a programme of rapid monetary expansion.
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