It would combine structural reforms at the micro-level — getting rid of red tape, making people pay their taxes, eliminating restrictions on hiring and firing, and so on — with stimulative policies on the macro level.
Such action is not a substitute for more quantitative easing; but the stimulative impact would so much greater, with far fewer side effects.
One big factor in Mr. Coen's more positive outlook for 2004 was the so-called quadrennial effect, a stimulative one-two punch delivered by spending on political ads, particularly for the race for the White House, and on campaigns centered on the Summer Olympics.
If the currency is weaker for a period, that will be potentially stimulative for the economy, so it might actually work out to be good news for exporters".
For the past eighteen months or so, he has been relying on the stimulative effects of the housing boom to offset a precipitate fall in business investment.
So, I think that they're pretty stimulative.
Democrats have said during the current debate that because Congress has never offset the cost of the benefits, doing so now would not only nullify the stimulative effect of giving money to people who immediately spend it, it would also fundamentally undermine unemployment insurance in the future.
And more than a third said in December that they believed that monetary policy was too stimulative, versus only 11percentt who said so in July.
That is because the stimulative effect of the tax cut on the gross domestic product, employment, investment and so on would be so great and instantaneous that the tax base would expand more than the tax cut, he said.
And so in the fall of 2011 we got "Operation Twist" a QE variant designed to mimic QE's stimulative effects without expanding the balance sheet.
