My own personal conviction is that we should be doing more fiscal stimulus than monetary stimulus.
The economy requires monetary stimulus, while additional stimulus is unlikely on account of the need to contain inflation.
The public discussion of social security taxes, unemployment benefits, and stimulus takes place in the language of Keynesian multipliers and stimulus counterfactuals.
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" In fact, stimulus will be having an effect by keeping GDP "above the level it would be at in the absence of stimulus.
Some economists argue that if Mr Darling's stimulus is not enough to turn around the economy, he will need a further stimulus package in the Budget.
More important, I expanded the section on Summers' position in the initial stimulus debate, noting that he had not endorsed Romer's proposal for a larger stimulus.
The United States was the only country in their sample that had a positive consolidated stimulus, but a negative stimulus at the state and local levels.
It's also highly different from any other recession in that we already had a pipeline of the most aggressive fed stimulus in history working for us, and fiscal stimulus.
It is unlikely that such a big stimulus will be either necessary or feasible this time: inflation is too high and the debts from the previous stimulus too big.
The malaise in the U.S., where stimulus is still the word of the day, stands in contrast to active recoveries in Europe and Asia, where governments are actively removing stimulus.
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It is true that some of the projects that received funding under the stimulus-funded Section 1603 cash grant program went to projects that had completed construction prior to the stimulus bill.
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Despite the monetary stimulus from the Federal Reserve and the fiscal stimulus from the federal government, Weiss foresees a long, drawn-out bear market similar to the one Japan has been in since late 1989.
The IMF recommended Beijing consider a new round of stimulus through the budget rather than the financial system, since the large credit stimulus in 2009 and 2010 has increased risks to the banking system.
Discussion of how the U.S. will pay for the stimulus and what inflationary effects the stimulus might have in the long run were both notably absent from President Obama's White House press conference Monday night.
The costs of the stimulus packages and bailouts (and stimulus package is just another word for bailout) are being tacked on and passed on because they are being paid for with money we don't have.
The Chinese market was not able to offer any respite for Japanese exporters, as investors were still coming to terms with the idea of a moderate stimulus package in China, rather than a large scale infrastructure-heavy stimulus package.
After emphasizing that the Fed remains committed to both sides of their mandate, Bernanke said that inflation expectations remain anchored at or near the 2% target the Fed considers adequate, and sought to differentiate monetary stimulus from fiscal stimulus.
Keynesian economists argue that the correct policy response is to boost government spending (G) through fiscal stimulus, allowing consumers and businesses time to adjust and recover, and to gradually remove that stimulus as the economy returns to its normal growth trajectory.
Market watchers said economic stimulus efforts in key nations will mean more demand, but gains are likely to be limited as traders watch to see whether easing measures in fact boost the economy as anticipated and whether China adds to the stimulus parade.
In accordance with an example embodiment of the present invention, an apparatus comprises: a material attachable to skin, the material capable of detecting a magnetic field and transferring a perceivable stimulus to the skin, wherein the perceivable stimulus relates to the magnetic field.
This aide said House Democratic leaders are letting the current stimulus play out, and that it will be "at least several months, as we get toward the end of the year and see where we are" before they would consider another stimulus bill.
Dr. MICKEY LEVY (Chief Economist, Bank of America New York): So, the fiscal stimulus, now that it moves to the top of the priority list, that stimulus package will include some of the components of Obama's economic platform, including tax cuts for the middle and lower income households.
This is the opposite of President Obama's approach, which has been marked by the helter-skelter of temporary tax cuts, stimulus after stimulus, housing bailout upon housing rescue, favoritism for some industries over others, and arbitrary regulation that may or may not be mitigated if the White House feels enough political pressure.
And so when I hear people just saying, oh, we don't need to do anything, this is a spending bill, not a stimulus bill -- without acknowledging that by definition, part of any stimulus package would include spending -- that's the point -- then what I get a sense of is that there's some ideological blockage there that needs to be cleared up.
Second, federal stimulus spending of this sort can have only a short-term impact on employment.
The House of Representatives had a buy-American provision in the stimulus bill, which, thankfully, the Senate diluted.
And such a stimulus would cut against the grain of reducing the debt and the deficit.
But leave the stimulus in place for too long, and they risk damaging long-term growth prospects.
We thought they were wrong to oppose the economic stimulus after the banking crash.
Gone are grandiose plans for massive stimulus to boost output and employment on Keynesian steroids.
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