Expansion

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Related to expansionary: Expansionary Fiscal Policy

Expansion

Phase of the business cycle as it climbs from a trough toward a peak.

Expansion

In a business cycle, a period of growth during which an economy moves from its trough to its peak. For example, if an economy dips to growth of -2.5% and then recovers to 3% growth, this period is called expansion. It is considered a normal and inevitable part of a business cycle following a recession or other contraction. Expansion is also called recovery.
References in periodicals archive ?
An expansionary fiscal policy has further worsened fiscal imbalances and created tighter links between the government and domestic financial institutions, contributing to the fragile economic situation.
P/Sales, M/B) measures across contractionary and expansionary monetary policy periods using the Wilcoxon two-sample test.
With the ECB's monetary firepower waning, the region may need to adopt a more expansionary fiscal policy to support economic recovery in the short term.
OMOs are performed by developed countries having better digits of foreign currency reserves in comparison with developing countries [12] Monetary policy may be of two types, expansionary (relaxed) and contractionary (tight).
Starting with the recessionary period itself, McGranahan and Berman show that fiscal policy was more expansionary during the Great Recession than in any other recession since 1960.
An increase in the interest rates by the ECB and the abandonment of expansionary policies will not only drive the southern countries in the eurozone from the sustainable debt cycle, but will also transform these countries into non-tradable goods economies.
This comes as no surprise since government's expansionary fiscal policy led to an increase in debt financing since 2009.
Moreover, during the past two decades, the art world has undergone an expansionary phase with respect to the construction of new museum venues for instance, the Guggenheim in Bilbao or the Louvre in Abu Dhabi and the discovery of new artistic settings for instance, the Chinese, Indian or Iranian art scenes which has been largely instigated by curators and art world insiders eager to discover new artists and create new experiences.
4) This special analysis presents a general calculation of how the central variables in the forecast are affected by the more expansionary, fiscal policy for 2013 announced by the Government.
Taipei, June 11, 2012 (CENS) -- With the bailout of Spain further complicating the European-debt crisis, Premier Sean Chen expressed yesterday (June 10) that the government can consider the expansion of public construction or the adoption of expansionary financial policy to cope with the situation.
The failure of expansionary austerity in Britain should give all of its advocates around the world reason to reflect on and rethink their policy calculations.
Summary: Government probably conservative on spending, oil revenue; Projected 2012 spending well below this year's record high; But it is above original plan for 2011; 250 billion riyals set aside to build 500,000 homes; Analysts still see expansionary fiscal policy.