It is about time leaders of the Eurozone take a page out of the American economic playbook and follow through with policies of stimulus concerning Greece.
The Grand Bargain/Great Betrayal negotiations regarding the "fiscal cliff" are about more than just finding the compromise point between the policies of stimulus and austerity.
If we see the government propose a new policy of fiscal stimulus in the autumn, it will be a key buffer against Brexit-related fallout".
She has been instrumental in creating the Fed's policy of monetary stimulus and the "forward guidance" on interest rates that many central banks now give.
Yellen has been one of Bernanke's staunchest allies on the Fed board and has signaled that she intends to follow her predecessor's policy of economic stimulus and low interest rates as the US economy continues to recover.
Yellen has been one of Bernanke's staunchest allies on the Fed board and has signaled she intends to follow her predecessor's policy of economic stimulus and low interest rates as the US economy continues to recover.
The policy of fiscal stimulus languished in the intellectual wilderness until the financial meltdown of 2008-09 forced governments to start spending as a way of propping up aggregate demand.
Mr. Gallagher said, "To the extent we may be into a post-bubble economy characterized by weak demand for a period of time, where an active policy of fiscal stimulus would be appropriate, sticking to this doctrine would appear to preclude that".
To be consistent with the main body of the paper, we consider that the third candidate is biased in favor of a policy of fiscal stimulus.
