In their view, it is not only a straightforward way instantly to boost real demand; it also seems preferable to debt-financed fiscal stimulus, owing both to political constraints on debt-burdened governments and to MFFP's more direct -- and thus faster -- impact on economy-wide spending.
Yet no MFFP proposal even recognises this tendency, much less includes provisions to avoid it.
Unfortunately, MFFP, by matching monetary expansion to fiscal expansion, effectively empowers fiscal authorities over monetary authorities.
In his view, MFFP is the ideal solution to spur demand, without further augmenting Japan's already-heavy debt burden.
The MFFP is committed to better understanding the function of these internationally important upland wetlands, the benefits they provide to society, and how best to sustainably restore and manage our wetland habitats.
To improve the reach of this resource and service we have developed a dedicated web resource, the 'South Pennine Moors Geo-network': a spatially searchable database of MFFP and other selected datasets that cover the South Pennine Moors.
Right at the start of MFFP, a 'Moorland Research Fund' was established that to date has provided funding for 41 student projects from over 14 universities and colleges.