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When Is a Monetary "Stimulus" Not a Stimulus?
This concern is potentially important but it does not mean that it's going to overwhelm the positive effects of a monetary stimulus.
Thanks largely to a monetary stimulus granted by the European Central Bank, which has been following the lead of the U.S. Federal Reserve, the European economy has been expanding for the past three years.
Confidence in the company was high since it was regarded as virtually an arm of the administration: King George I was its governor (yes, he was Governor King).At the time nobody described the scheme as a monetary stimulus.
BLOOMBERG NEWS Bank of England Governor Votes to Expand Stimulus | Mervyn King, the head of Britain's central bank, was overruled in his vote to expand a monetary stimulus program, Bloomberg News reports.
Businesses will be in no mood to invest in a weakening economy, and will in any case be constrained by tighter credit.If the economy is to make way against these counterforces, it needs either a budgetary or a monetary stimulus.
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Draghi unveiled a mouse of a further monetary stimulus on Thursday.
After the global financial crisis in 2008-09, China unleashed a huge monetary stimulus in an attempt to boost economic growth.
It's a testament to the incoherence of Cameron/Osborne that, despite a massive monetary stimulus into the housing market, and very generous handouts of government land to private builders, they produced a glut of luxury apartments and a shortage of homes for working people.
Such a powerful monetary stimulus is bound to drive up growth, says Marcelo Carvalho of BNP Paribas, a French bank, "but low unemployment and rising wages show just how little slack there is in the economy".
Continental Europe has been given a huge monetary stimulus.
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