contractionary

That would mitigate the need for administrative measures that seem to lurch from stimulative to contractionary.

To avoid the inflation, the standard policy would be contractionary open-market operations that reduce the quantity of "money" .

For this time the contractionary forces have not been intensified, in the name of sound money.

Therefore, increasing interest rates on reserves is just as contractionary as the standard exit strategy.

That would save public-sector jobs and ease contractionary pressures without throwing the country into a fiscal-debt spiral.

The U. K. showed unexpected weakness, as the nation's manufacturing sector shifted into contractionary territory.

Also important was an accidental switch to contractionary monetary policy.

Contractionary Monetary Policy - Policy enacted by the Fed that reduces the money supply and thus reduces output.

But central banks will also be conscious of the need to offset the effects of fiscal policy, which is likely to be contractionary.

'You've got a contractionary bias going forward now on the monetary and fiscal side, ' Blitz said in an interview.

Half of a percentage point was stripped from output thanks to the contractionary impact of state and local government cutbacks.

Fiscal policy, rather than expansionary, is already on track to be sharply contractionary.

First, real appreciation leads, other things equal, to a larger current account deficit, which has a contractionary effect on demand.

Perhaps more important, contractionary policy in Europe and emerging Asia chipped away at global demand for American exports.

Fiscal policy is turning contractionary as America's stimulus expires and much of Europe implements austerity measures.

Despite an interest rate of zero, monetary policy would become highly contractionary.

The conclusion is that the UK's fiscal consolidation is likely to be contractionary at a rate of between 1 and 2 per cent of GDP, each year.

These actions, contractionary by definition, could occur before a full recovery has asserted itself.

Fiscal policy is now contractionary in both the eurozone and the UK.

In a crisis of deficient demand, however, they are dangerously contractionary.

The net effect is a reduction in spending, a contractionary shift in the IS curve, and lower national income.

The global economy could not withstand another contractionary shock if similar speculation drives oil rapidly towards $100 a barrel.

And would a permanent correction of global imbalances be contractionary?

Overall then US fiscal policy is set to be contractionary in 2012 perhaps by around 1% of GDP.

Yet the West's economies have embarked on contractionary policies.

This is the case, for instance, for most aggregate demand shocks, e. g those produced by contractionary Keynesian fiscal policies.

These factors reduced the deficit by roughly 2. 5% of GDP, exerting significant contractionary pressure.

Thus, the US needed to expand domestic demand, in order to offset the contractionary effect of the external deficits.

Niall Ferguson "explaining" that fiscal expansion will actually be contractionary, because it will drive up interest rates.

If that burden grows even heavier because of falling prices, the contractionary forces will strengthen.

As a result, standard measures of banking distress, such as the level of non-performing loans, understate the contractionary pressure.

Today's monetary policy hasn't turned contractionary, as America's did in the 1930s.

Impact of Contractionary Monetary Policy on Commercial Banks and its Countermeasures