| Let me briefly address an argument that is sometimes made to justify the demand for a more aggressive expansionary policy in Europe. |
| However, the tight monetary policy wreaked havoc on the corporate sector, and by June 1980 it moved away to an expansionary policy stance. |
| Low interest rates and expansionary policies seem to have pushed the US economy forward and we are seeing very strong figures being reported there. |
| Here, states attempt to exploit the international economy through expansionary policies. |
| In the US, macroeconomic policy has become wildly expansionary. |
| Except for a severe contraction in 1974, monetary policy was largely expansionary and contributed to the inflation outcome. |
