David Dodge
David Dodge
monetary stimulus
There's still considerable monetary stimulus in the economy.
arisen asian building certain countries economies effects foreign massive playing problems rules
Recently, problems have arisen from countries not playing by the rules of the game. Certain Asian economies have been stifling the inflationary effects of their interventions and, in the process, building up massive amounts of foreign reserves.
aggregate balance demand further increase inflation interest modest policy rate required supply
Some modest further increase in the policy interest rate would be required to keep aggregate supply and demand in balance and inflation on target.