In theory, a government could use monetary and fiscal policy to hold back inflation.
But, Volpon points out, internal demand was boosted by easy monetary and fiscal policy.
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Growth will be modest, but monetary and fiscal policy will be kept under tight rein.
Since 1913, under the aegis of monetary and fiscal policy, we averaged that poorer 3.3% rate.
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In the next few months, the UK may have to revisit the relationship between monetary and fiscal policy.
Gold bugs see reckless monetary and fiscal policy leading to plummeting currency values and out of control global inflation.
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The curious thing about those 4.5% exceptions was this: they correlated to the retreat of monetary and fiscal policy.
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Moreover, both monetary and fiscal policy in continental Europe are already pretty loose.
If workers and businesses anticipate the effects of monetary and fiscal policy, they will not change their economic behavior.
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Most notably, the measures will delight Mario Draghi as he wanted a clear line between monetary and fiscal policy.
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Still, when monetary and fiscal policy start to merge, the lesson of last week is that the chancellor is still in charge.
The latter was caused by wrong-headed monetary and fiscal policy, combined with the Smoot-Hawley tariffs, and not by happenings on Wall Street.
But then again, the suggestion was out there that maybe the U.S. would at some point decide to institute monetary and fiscal policy.
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The degree to which America outperforms the others will depend, in large part, on whether, and how, different countries tighten monetary and fiscal policy.
The funny thing about it was that whenever the great run flagged in the 19th century, it correlated with attempts to introduce monetary and fiscal policy.
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When asked for his thoughts on what the G20 should discuss at their upcoming meeting, he stressed the need to focus on monetary and fiscal policy.
Under a dual-currency system, member countries would continue to enjoy the benefits of the euro while increasing their maneuvering space to drive monetary and fiscal policy on a local basis.
If you want to get depressed about this, bet that the current American mess of monetary and fiscal policy will drive offshore some of the innovation we might have had.
If you look at the monetary and fiscal policy that this country has taken on for the past couple of years, you would understand why people should have precious metals in their portfolio.
High marginal tax rates, especially on capital, uncertainty about pension and health care costs, and the lack of rules in the formation of monetary and fiscal policy have disrupted the normal course of commerce.
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The data bear out that monetary and fiscal policy have historically been easiest during these periods as the President moves the machinery of the Federal Government in order to promote economic growth and lower unemployment.
On August 31, 2011, Brazil unexpectedly cut rates by 50 basis points, and since then, ISI says 228 stimulative monetary and fiscal policy moves have been initiated across several countries, including the Philippines, China, France, and Colombia.
Given the difficulties a single currency has created for the conduct of domestic monetary and fiscal policy, Europe's much more immediate pensions problem and its greater exposure to terrorist threats, it is clear that no one would.
Suppose then that Japan does what it should spurring demand with monetary and fiscal policy, cleaning up the banking mess and vigorously pursuing reform elsewhere in the economy will that be enough to make the world economy a safe place?
Moreover, the independent movement of global markets, which react to factors such as different domestic monetary and fiscal policy cycles, has historically provided considerable diversification benefits when held in combination with US investments (though correlations tend to converge on 1 in periods of financial crisis).
If that were to be the case, Mr Greenspan suggested that the authorities might have to go beyond the conventional ways of stimulating the economy through monetary policy and fiscal policy (such as Mr Bush's stimulus package) and also look at further improving America's economic flexibility.
This comes as the airwaves are filled with discussion about aggressive monetary policy, and fiscal policy.
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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Japan, the world's second biggest economy, has been sidelined because of its persistent failure to push through the fundamental reforms needed to overcome its problems reforms in the banking sector, and in fiscal and monetary policy.
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