Many of the currency crises of the last 10 years have been associated with output loss. Is this, as alleged, because of excessive reliance on raising the interest rate as a policy response? More ...

given all of the above, more likely the expansionary fiscal policy will end up being contractionary in ... The saddest part of this is the long terms effects. Poverty, if appropriately measured ...

investments more sensitive to the business cycle will usually benefit and vice versa with contractionary policy. Secondly, monetary policy’s effect on interest rates causes yields to rise and ...

Monetary policies can be either contractionary or expansionary. Implementing one type of policy depends on the current economic climate and the ultimate goals. Monetary policy seeks to spark ...