These competing views of America demand very different policy responses.
This is problematic because not only does sound policy demand accurate theory, but he will never win over nay sayers if his argument is fundamentally the same as theirs.
On the other hand, using fiscal policy to manage demand can be dangerous because it is less flexible than monetary policy.
The notion that the supply of credit is passive, while demand is active and policy controlled, is self-contradictory.
If most unemployment is cyclical, not structural, the Fed could theoretically help by stimulating demand with easier monetary policy.
Others have a no-exchange policy or demand that you return the product to one of their stores - a little tricky if they are thousands of kilomet ers away.
So for neo-chartalism to work as intended, budget-makers must both tighten policy once demand has been restored and inflation threatens and also be credible in their commitment always to do so.
Commodities have been rising on account of demand and loose monetary policy in the US, in particular, where near-zero capital costs have weakened the dollar and turned money managers onto hard assets like oil, gold, and agricultural commodities.
Its leader Julius Malema's signature policy is his demand to nationalize the country's mines.
But the prospect of Chinese economic officials tightening monetary policy has negative demand implications for raw commodities, including the precious metals.
The market on Tuesday shrugged off potentially bearish news that China has again tightened its monetary policy to reduce demand for commodities.
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With stimulative fiscal and monetary policy bolstering domestic demand, China's current-account surplus has shrunk by two-thirds, from 10% of GDP in 2007.
Fueled by low interest rates, sound fiscal policy and robust demand for its commodities, Brazil is a darling of emerging markets these days.
Both within and outside of the auto sector, the confluence of policy, consumer demand and automaker investment will boost employment and the economy as a whole.
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Slow progress in reforms to address industrial bottlenecks, a restrictive monetary policy and faltering demand from advanced nations have slowed India's economic growth to its lowest in a decade.
With the real possibility that the policy-driven demand for wind turbines would dry up in any given year, companies were understandably wary of investing in large manufacturing facilities in the United States.
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But Tony Grayling, associate director of the Institute for Public Policy Research (IPPR), warned that simply building to meet demand would repeat the mistake made in road policy during the 1980s.
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With any other economic policy you would rightly demand to see the facts.
Getting insurance for myself was easy enough, but it felt awkward to demand that Alejandro take out a policy on himself.
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Also, its Keynesian-style demand stimulus and attempts at industrial policy have failed.
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The free school policy responds to local demand from parents.
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Recent declines in output in both Japan and Germany are largely due to inadequate demand caused by overly tight monetary policy, and not to supply-side constraints imposed by the failings of their models.
Just as Asia's interests are better served by stronger demand in Japan than by a policy to defend the yen, so they are better served by economic stability in the United States than by a concern to keep American interest rates low.
Or do his ideas, coupled with our recent experience, demand a more fundamental overhaul of economic policy?
Following the 1985 Plaza Accord, the Bank of Japan launched an aggressive monetary policy easing to boost domestic demand.
Kerosene lanterns are also a big part of the problem and demand urgent, similarly robust research and policy focus.
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As well as helping the Monetary Policy Committee to fulfil its inflationary aims, the quantitative easing policy has helped to stoke demand for gilts.
He said that with the global economy still struggling, "there are limits to the ability of domestic policy to stimulate private sector demand as the economy adjusts to a new equilibrium".
However, the agency forecasts emerging market (EM) growth at a still fairly robust 4.9% in 2012, from 5.6% in 2011, bolstered by domestic demand growth and greater fiscal and monetary policy flexibility.
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The slow and bumpy recovery of the global economy, weak global demand and elevated risks related to regulatory policy changes continue to reinforce the wait-and-see attitude of many multinationals toward investment abroad, UNCTAD said in a statement on their website yesterday.
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