Exact(9)
If joblessness is now mainly a structural phenomenon, more monetary stimulation won't have much impact.
We have pushed monetary stimulation to the highest point in American history.
"This growth is taking place against the backdrop of unprecedented monetary stimulation.
The members are worried that the recovery is in danger of fizzling out without more monetary stimulation, which was Japan's experience in the late 1990s.
After the collapse of 2008, the Federal Reserve invested more than $15tn to save the banks under the guise of monetary stimulation.
These include making failed financial firms easier to break up (thus enhancing market discipline and risk management) and improving access to education that would help most Americans earn a living wage (thus decreasing the political and economic pressure for constant monetary stimulation).
Similar(51)
The Japanese yen, meanwhile, has slid by 40percentt since early 2012 in part due to extreme quantitative easing, part of Abenomics, Prime Minister Shinzo Abe's monetary and fiscal stimulation efforts to escape decades of slow economic growth and deflation.
In Greece, one of the countries left behind by productivity increases elsewhere, economic stimulation through monetary policy (currency devaluation) has been precluded by the existence of the European monetary union, while the fiscal package demanded by the Continent's leaders is severely anti-growth.
As there was no monetary motivation during the stimulation phase on day 1, participants may not have exerted themselves fully and thus the effects of stimulation may have had greater leverage; while on day 2, participants in both groups may have reached a level whereby any potential for further enhancement of performance through tDCS was limited.
This extra stimulation or contraction via monetary policy amplifies boom-bust cycles.
Too much stimulation by strong work incentives, both monetary and non-monetary will eventually trap a person in a high pace work mode difficult to get out of.
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