Too many believe that the economy is driven merely by aggregate monetary spending as if all such spending is economically equal.

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While economic activity continues to lag, Bernanke and Draghi are using monetary tools to stimulate aggregate demand and aver catastrophic scenarios.

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Today, any objective economist will tell you that, despite all of the monetary and fiscal stimulus, aggregate demand and economic activity has been minimally impacted.

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Monetary authorities did little to stimulate aggregate demand, because they were in a dire situation: they had driven short-term rates to near zero to fight deflation.

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Imagine if we could do things on Facebook that had real monetary value or, taken in the aggregate, made us feel less like productized users and more as collaborative members?

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Both disasters prompted policy makers to ease monetary and fiscal conditions that fueled an expansion in the aggregate demand, especially a construction boom that boosted equity prices, especially shares of companies involved directly or indirectly in reconstruction.

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It is the aggregate value of bank deposits less overdrafts but not the monetary base.

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The latest released minutes of the Exchange Fund Advisory Committee reveal that the panel rejected a proposal to dollarize the "aggregate balance" or the total of the clearing accounts banks maintain with the Monetary Authority, the de facto central bank.

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They assign less importance to the gap between aggregate demand and supply in determining inflation, and more importance to the stance of monetary policy.

ECONOMIST: Ignore the hawkish rhetoric. The Fed isn��t about to tighten