Your English writing platform
Discover LudwigExact(15)
"That amounts to a highly stimulative fiscal policy," he said.
A way out of that bind is stimulative fiscal policy, but Congress is gridlocked.
Others will blame macroeconomic policy: the zero lower bound, perhaps, or insufficiently stimulative fiscal policy.
In the absence of stimulative fiscal policy, even assertive moves by the Fed are unlikely to turn the ailing economy around.
If an economic downturn invites a stimulative fiscal policy by cutting taxes, surely such an approach would be completely undermined by a parallel policy of cutting spending.
Those who are betting on a mild recession are hoping that the Fed's continued easing of credit and a stimulative fiscal policy will get the economy moving.
Similar(45)
The German and French governments are already running budget deficits well in excess of the European Union's limits, giving them little room to pursue looser, more stimulative fiscal policies.
Yesterday, in a speech in South Carolina, Ben Bernanke indicated his belief that consumer spending was ready to begin sustaining America's economy recovery:While the support to economic activity from stimulative fiscal policies and firms' restocking of their inventories will diminish over time, rising demand from households and businesses should help sustain growth.
This has led to speculation that the Fed may feel more pressure to offset, or correct for, these stimulative fiscal policies; if Congress is going to step on the gas, Fed officials may conclude that they need step on the brakes.
Most economists agree that unemployment benefits are among the most economically stimulative fiscal policies, because people receiving a few hundred dollars in benefits per week tend to spend the money immediately on necessities like food and rent.
With stimulative fiscal and monetary policy bolstering domestic demand, China's current-account surplus has shrunk by two-thirds, from 10% of GDP in 2007.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com