Heightened pro-cyclicality may ensure the success in the forthcoming elections of the party that governs solely in the expansionary
phases, without any political damage in the future.
fiscal policy has further worsened fiscal imbalances and created tighter links between the government and domestic financial institutions, contributing to the fragile economic situation.
I do not know any model that can rationalize further expansionary
fiscal policies now.
We differentiate between contractionary and expansionary
monetary policy periods using the effective fed funds rate.
It is also proof of the expansionary
nature of the entity that must be addressed by all means of resistance, mainly the popular Intifada which was held on Sunday by Golan locals in rejection of the Zionist approach," the party explained in a statement.
It has been estimated that contractionary monetary policy suppresses stock market investment or activities while expansionary
monetary policy boosts stock market activities.
Avoiding the more complicated methods of some economists, these authors present a simple mathematical formula that measures what they call fiscal impetus, or "the combined effect of purchases, taxes, and transfers across all levels of government on [economic] growth." Using this formula, the authors show that the government's fiscal policy had a somewhat more expansionary
effect during the Great Recession than it had during other recessions.
Although Germany is currently Nyx's largest market, Eersel was chosen for its high level of connectivity from an international and pan-European perspective, in line with the company's expansionary
In other words, the Bundesbank -- unlike Mario Draghi, head of the ECB, and his team -- wants to promote anti-inflation policies based on price stability rather than expansionary
monetary policies that pay attention to unemployment.
Spain's Prime Minister Mariano Rajoy has urged countries that have available margin to adopt expansionary
fiscal policies to drive growth in the eurozone.
This comes as no surprise since government's expansionary
fiscal policy led to an increase in debt financing since 2009.