It is remarkable to think back on the prevailing attitude toward stabilization policy at the time, which was something like omnipotence on the part of the Fed.
They focused on fiscal policy as an engine of stabilization, and they largely relegated the central bank to a secondary policy role.But the postwar debate over the meaning of the Depression quickly intensified.
Abortion is the fulcrum between population stabilization and world population growing to the point of a Malthusian ending.John R. Bermingham Denver, ColoradoIn your latest article on abortion, you conclude by stating: "If [Roe v. Wade] is quashed, abortion could be criminalised in about 30 states.
He is not calling for the abandonment of debt stabilization; only that it be done in way that spares near-term demand.But Mr Draghi has replaced Mr Trichet's preoccupation with austerity with an obsession of his own over structural reform.
But if, despite NGDP stabilization, real GDP cannot be sustained, someone has to bear real losses.
And it was susceptible to stabilization policy by the government.
As you can see, I favor population stabilization, but I agree that we cannot ignore the accompanying economic problems.Peter Van Zant Seattle, Washington Piece together your recent writings about demographics and the foretaste of serious global conflict is apparent.
Mr. Blinder and Mr. Zandi find that the financial stabilization measures — the Troubled Asset Relief Program, as the bailout is known, along with the bank stress tests and the Fed's actions — have had a relatively greater impact than the stimulus program.
Ukraine managed to achieve macroeconomic stabilization by 1996, the year in which it introduced its long-awaited currency, the hryvnya.
Stabilization of the economy (e.g., full employment, control of inflation, and an equitable balance of payments) is one of the goals that governments attempt to achieve through manipulation of fiscal and monetary policies.
