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  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