Not exact matches
If the cash transfers were broadly distributed, the subsequent spending would be
more representative of sustainable
demand than other means of
stimulus, such as costly and ineffective «job creation» programs.
The stakes are high for this assessment, not only because it will be a primary determinant of the timing of Federal Reserve policy tightening; the
more one believes that current high long - term unemployment is cyclically (
demand) driven rather than structurally (mismatch and demographic) driven, the
more one believes workers can be brought back into employment through monetary (or other)
stimulus.»
That will be important to private investors, because if the central bank held itself out as a privileged bondholder, effectively passing
more risk on to other bond holders, other buyers might undermine the
stimulus program by
demanding higher interest rates.
Why shouldn't they prefer a path with
more demand, inflation at target sooner,
more stimulus as recession insurance, and a small margin of extra inflation as a buffer against the next recession?
Did anyone
demand more monetary
stimulus?
He adds, «It's harder and harder to get enough sleep because of the
stimuli of modern living and the
demands on our time, and we are
more and
more socially isolated by all of these factors and the tendency to interact evermore with an electronic interface.»
But if it is either the start of a
more lasting
demand - driven trend, or if
stimulus continues, it could put a brake on further drops in coal consumption over the coming years.