| Instead, the Fed pursued its own stimulative policy, pushing interest rates to the lowest level in a generation. |
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| Feldstein mentions some revenue-neutral tax jiggering that could be stimulative, but that sounds like fairly ordinary tax policy stuff to me. |
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| In the current climate we have low interest rates and budgets that have been broadly stimulative. |
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| So far, stalwart consumers, a solid housing sector, and stimulative government policies give reasons for optimism. |
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| The Fed's 2001-02 interest rate cuts are having some stimulative effect, as is the huge swing in the federal budget from surplus to deficit. |
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| Mass consumption, stimulative consumer policies, and revolutions in wholesaling and retailing led to the convergence of regional economies. |
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| Then must man struggle in an environment of relative goodness and beauty, surroundings stimulative of the irrepressible reach for better things. |
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| The authorities' initial response to the onset of the credit crunch was the implementation of stimulative measures on a massive scale. |
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| In our view, stimulative monetary and fiscal policies have largely worked to reflate real economic activity and securities prices. |
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| Fiscal spending isn't stimulative if it results in significantly higher debt costs. |
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| Others will blame macroeconomic policy: the zero lower bound, perhaps, or insufficiently stimulative fiscal policy. |
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| Just as importantly, management training is starting to have the intended stimulative effect. |
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| But there were no significant new stimulative measures to counter the economic slowdown. |
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| It is a real problem which is why we need to be successful on the stimulative side. |
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| Commercial loan growth is likely to be tempered by less stimulative monetary policy. |
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| This increase in momentum partly reflected the stimulative effect of the prevailing low level of interest rates on demand for money and credit. |
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| Canada's forward economic momentum will be reinforced by very stimulative federal and provincial fiscal settings. |
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| The royal jelly has nutritive and stimulative virtues on the activity and the resistance of the organisation. |
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| Treats such as chocolate, cocoa products, or products with a high sugar content may also have a stimulative effect depending on the individual. |
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| Monetary policy is still highly stimulative almost everywhere, despite first steps towards a more neutral policy stance in some economies. |
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| They say publicly, as Senator Jon Kyl does in this clip, that the reduction has not had a stimulative effect. |
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| They know full well that the stimulative effect of the reduction creates jobs, too. |
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| It will necessarily be years before such projects will have a stimulative effect on growth. |
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| For spending to be stimulative it must bring forth economic activity that otherwise would not have taken place. |
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| In broad terms, the monetary and fiscal backdrops to the economy and markets continue to be highly stimulative. |
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| Consider, for example, a situation in which the central bank, in response to an expansionary demand shock, decides that a less stimulative path for monetary conditions would be appropriate. |
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| If the Bank somehow managed to accumulate the entire stock of Japanese debt without generating any effect on the price level there should then be a hefty stimulative effect from the reduction in future expected taxes. |
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| What's more, fiscal authorities and central banks will maintain a stimulative policy stance as long as the risks of a double-dip recession remain. |
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| One of the policy dilemmas that Japan had to deal with during this period was the difficulty it faced in trying to undertake stimulative monetary policy action when domestic interest rates were already at or close to zero. |
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| In January 2009, the government introduced Canada's Economic Action Plan, which contained stimulative measures to respond to the global recession. |
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| And the Bank of England has been among the most aggressive central banks, providing stimulative monetary policy to help offset fiscal tightening. As Mr Giles notes, the IMF has put its credibility on the line. |
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| Why would local for-profit businesses be less likely to see the advantages of stimulative monetary policy than some other interest group one might select? |
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| He is also appreciated for his stimulative virtues. |
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| From the point of view of a central bank wishing to avoid the zero bound, this is the best-case scenario, since even a small reduction in the nominal interest rate can be highly stimulative to the economy. |
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| Conventional monetary policy remains very stimulative, which manifests itself in the unappetisingly low interest rates available to depositors at their high-street banks. |
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| Their emphasis on monetary metals accords with current ideas regarding the money supply, such as the stimulative effect of a growing money supply. |
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