2. Conventional Wisdom And The Crisis
Why it is that Fiscal policy is back in fashion.
1. One argument suggests that as Monetary andcredit policy reached its limit policymakers had no other choice but to rely on fiscal policy more heavily.
2. The other argument is that as the recession across countries was expected to last long, fiscal stimulus would have enough time to yield beneficial i
- Completion of all agreements at the Single European Act
- Completion of monetary integration
- Integration of European economic bloc
- Removal of currency risk
- Contribution to price stability
Demerits
- Structural imbalance within the Union
- Trade deficit
- Creditand Fiscal crisis
and TFP(Total factor productivity) has been much faster in the services sector than in industry. By contrast, growth in output and TFP in agriculture has slowed.
ⅱ) Macroeconomic policies
a) Monetary policy
8. The objectives of monetary policy in India are to maintain price stability and ensure adequate flow of credit to the productive sectors of the economy.
9. Once the inflationary pressu
and among low value-added export companies increased particularly in the Guangdong region. Thanks to the $586 billion fiscal stimulus programme, the expansionary monetary policy, and the Yuan stabilization policy, GDP growth nonetheless picked up in 2009 fuelled by a rebound of domestic demand itself underpinned by a strong expansion of credit. Investment, particularly in construction, increased
Economic Origins
미국의 통화 확장 정책
2000년 IT버블 붕괴로 인한 경기침체 시작
연방준비은행이 기준금리를 1%대로 유지
타 국가의 미 국공채 투자 : 중국의 매서운 증가세
Economic Origins
미국 내 주택시장의 호황
가계 부채 중 모기지 대출 비율 증가
⇒ 주택시장을 기반으로 한 자산시장 거품 발생