expansionary monetary policy“扩张性货币政策”,是以放松银根、扩大货币供应量为特点,目的在于刺激需求的增加。在经济衰退期间,一般要通过采取扩张性货币政策,扩大货币供应量,降低利率来刺激经济增长。contractionary monetary policy“紧缩性货币政策”,是以抽紧银根、减少货币供应量为特点,目的在于抑制需求的增加。在经济...
“Monetary and Fiscal Policy,” Andrew Clare and Stephen ThomasSection 2.1.7The Fisher effect states that the nominal interest rate is the sum of the real rate of interest and the expected rate of inflation over a given time horizon. An increase in expected inflation will result in a higher...
Monetary PolicyFinancial CrisesFrictions FrictionsInterest Rate RigiditiesThis paper develops a model featuring both a macroeconomic and a financial stability objective that speaks to the interaction between monetary and macroprudential policies. First, we find that interest rate rigidities in a monopolistic ...
Y1 31) Monetary Policy - Interest Rates, Money Supply & Exchange Rate 18 related questions found What happens to interest rates in expansionary fiscal policy? An expansionary fiscal policy, with tax cuts or spending increases, is intended to increase aggregate demand. If an expansionary fiscal poli...
The data will "hopefully" support a rate hike later this year, Dudley said at the Bloomberg Americas Monetary Summit. But "the timing of normalization remains uncertain because how the economy evolves is also uncertain," he added. Dudley, a permanent voter on U.S. monetary policy and a clos...
region triggered by the COVID-19 pandemic and the Ukraine crisis are forcing more people to embark on unsettling and terrifying sea journeys. At a deeper level, years of heavy-handed U.S. intervention and the spillover of the U.S. Federal Reserve's (Fed) monetary policy are mainly to ...
To expand something to a certain extent.Our aggressive new marketing campaign has increased our small company by 25 percent in the past year.What was once a tiny local choir club has increased by leaps and bounds over the years, becoming one of the state's largest organized choir communities...
Second, we find that when the policy interest rate is the only instrument, a monetary authority subject to the same constraints as private agents cannot always achieve a (constrained) efficient allocation and faces a trade-off between macroeconomic and financial stability in response to contractionary...
China's November factory PMI points out that domestic demand is yet to find a bottom after recent policy support. Some more aggressive pro-growth measures could be needed in the coming months to support economic activities, including benchmark policy rate cuts potentially on the cards. ...
Similarly, investors would see their net worth plunge if they’re invested in bonds. In theory, this situation would then begin to self-adjust towards lower interest rates. Likewise, the Federal Reserve would also intervene through monetary policy to slow down rate increases. ...