China Rebuffs Yuan Criticism as Zhou Says Government Is Passive on Dollar Nov 20, 2009
There are signs of recovery, we will continue to maintain the moderately loose monetary policy and expansionary fiscal policy for a while, Zhou said. But we should also be flexible. (Bloomberg -- US)
Balance Of Payment Deteriorates Into Deficit CEPA Nov 11, 2009
It is of the view that a highly expansionary fiscal policy as a result of election-year spending led to an increased demand for imports, and high inflation and inflationary expectations. At the same time, the inability to pass-on the effects of changes in world market prices of crude oil and petroleum products and the depreciation of the cedi compounded the situation. (Ghana Web, Ghana)
Bonds fall on govt borrowing plan Nov 7, 2009
The first step in reversal of expansionary fiscal policy should be taken up in February 2010 in the form of a cut in expenditure to GDP and an increase in production tax rates, he added. The rupee closed higher at 46. (India Times)
Brazil's September Budget Deficit Widens to Nine-Month High of $13 Billion Oct 31, 2009
Part of the premium on the long end of the yield curve is being caused by expansionary fiscal policy, she said. The yield on the interest rate future contract for January 2011 delivery, the most actively traded on Sao Paulos Bolsa de Mercadorias & Futuros, rose three basis point to 10. (Bloomberg -- Latin America)
Recovery by year's end Oct 5, 2009
Mminele said the country's expansionary fiscal policy, combined with monetary policy easing, should play a strong role in supporting both short and long-term economic growth and employment creation. Sapa Digg. (iAfrica.com)
Bank of Korea Can Use Non-Rate Tools as Prices Rise, Finance Minister Says Oct 4, 2009
President said Sept. 30 the government needs to continue its expansionary fiscal policy until signs of an economic recovery are stronger. The government on Sept. 28 announced a proposal to increase next years spending by 2. (Bloomberg -- Asia)
Rajiv Anand, MD & CEO, Axis AMC Oct 3, 2009
RBI will also have to consider expansionary fiscal policy and its impact on long-term rates. Further, global interest rates, specifically in the US, are expected to remain low for an extended period of time. (India Times)
New Zealand Economy Probably Contracted at Slower Pace as Recession Eases Sep 22, 2009
Interest-rate cuts and expansionary fiscal policy are helping arrest the decline in overall activity, said Steel. Confidence Recovers. (Bloomberg -- Asia)
Inflation still negative, touches 33-year low Aug 14, 2009
8% by the end of the current fiscal owing to waning base effect, increasing commodity prices, rise in food grain prices caused by delayed monsoon and expansionary fiscal policy. . (India Times)
Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with the Republic of Lithuania Aug 12, 2009
Executive Directors noted that the Lithuanian economy is undergoing a painful adjustment from overheating fueled by large capital inflows and expansionary fiscal policy. The reversal in capital flows following the global crisis has led to an unprecedented economic contraction with recovery expected to take hold only in 2011. (IMF News)
China to Scrutinize Stock Gains, Won't Cap Loans as Money Floods Economy Aug 8, 2009
The government will maintain a moderately loose monetary stance and an expansionary fiscal policy as domestic and external demand remain weak, , vice chairman of the National Development and Reform Commission, told the briefing. isnt a concern, Su said. (Bloomberg -- Asia)
* PRC to scrutinize stocks, not cap loans Aug 8, 2009
STABILITY:: Amid fears of a credit tightening, financial officials said the government would maintain a moderately loose monetary stance and an expansionary fiscal policy BLOOMBERG Saturday, Aug 08, 2009, Page 11 ... The government will maintain a moderately loose monetary stance and an expansionary fiscal policy as domestic and external demand remain weak, Zhu Zhixin (), vice chairman of the National Development and Reform Commission, told the briefing. (Taipei Times, Taiwan -- Sports)
RBI says signs of inflation firming up Jul 28, 2009
MUMBAI: RBI said on Monday there were indications of inflation firming up by the end of the year due to increases in commodity prices, easy monetary policy and expansionary fiscal policy ... RBI said on Monday there were indications of inflation firming up by the end of the year due to increases in commodity prices, easy monetary policy and expansionary fiscal policy. (India Times)
RBI Credit Policy leaves key rates unchanged Jul 28, 2009
In its quarterly review of the economy released on Monday, the central bank said there were indications of inflation firming up by the end of the year due to increases in commodity prices, easy monetary policy and expansionary fiscal policy. Asia's third-largest economy grew 6. (India Times)
J Mishra: Govt spending and liquidity Jul 22, 2009
In fact, expansionary fiscal policy and record government borrowing can harden interest rates, and so result in avoidable crowding-out of much-needed investment. In the Indian context, fiscal expansion can be expected to significantly rev up offtake and consumer demand. (India Times)
No end in sight toUS jobless rise Jul 10, 2009
The climbing unemployment rate has also been puzzling in face of unprecedented expansionary fiscal policy and gigantic stimuli packages ... It would be very difficult to think of more unorthodox monetary policy or more expansionary fiscal policy in order to bring about economic recovery. (Asia Times Online)
Indian stock surge a falseguide to economy May 22, 2009
An expansionary fiscal policy, however, would widen the budget deficit, which might be offset by the government's sale of stakes in state-run enterprises. With the near-global recession also holding back external demand, the country's rate of economic growth may fall to 6% or lower in the current year, down from 7% in 2008 and 9% earlier in the decade. (Asia Times Online)
Japan Opposition Candidates Show Little Shift From Ruling LDP on Economy May 15, 2009
May 15 (Bloomberg) -- Japans two opposition party candidates signaled they are unlikely to reverse the governments expansionary fiscal policy should they win parliamentary elections later this year. Japan shouldnt even discuss raising the consumption tax from the current 5 percent, Democratic Party of Japan Secretary-General , 66, said yesterday in Tokyo. (Bloomberg -- Asia)
Recession to be 'long' and 'severe' Apr 18, 2009
Counter-cyclical monetary policy is largely ineffective in tackling a financial crisis, but expansionary fiscal policy "seems particularly effective in shortening recessions associated with financial crises, and (in) boosting recoveries". Developing countries are likely to face problems in accessing finance even after recovery sets in, as the new fear of risk among global investors will fade only slowly. (Sydney Morning Herald -- Business)
Lower yields from risk-free assets over short term Apr 7, 2009
Although we still see a downward bias in government yields in the near term, it may begin to increase once the positive impact from the front-loaded monetary easing (cuts in OPR) and the expansionary fiscal policy start to kick in, triggering economic recovery, hence making risky assets such as equities relatively attractive, he said. Copyright. (The Star Online, Malaysia -- Business)
Deficit is not a dirty word in time of crisis Apr 4, 2009
In the jargon, a government decision to pump in more money than it takes out in revenue is known as expansionary fiscal policy ... As the director of Treasury's fiscal group, Nigel Ray, explained this week: expansionary fiscal policy can actually help to shelter younger generations from the worst by redistributing income between different points in time. (Sydney Morning Herald -- Business)
* Economic policy needs to address wealth gap Mar 25, 2009
Based on experience gained from past economic crises, economist John Maynard Keynes suggested adopting an expansionary fiscal policy to stimulate the economy through increased demand. This remedy has worked in the past and this is the major focus of Taiwans current economic policy. (Taipei Times, Taiwan -- Sports)
Turkish lira set to tumble Feb 27, 2009
The Turkish lira faces the risk of a steep devaluation if the government presses ahead with an expansionary fiscal policy that makes a loan deal with the International Monetary Fund unlikely, says Ulrich Leuchtmann, currency strategist at Commerzbank. The government is not prepared to accept the fiscal cuts demanded by the IMF, particularly given that the country is in the middle of an election campaign, he says. (FT.com -- Markets)
Ghana: Central Bank Ups Prime Rate to 18.5 Percent Feb 26, 2009
They argued that the prime rate feeds into general lending rates and have the effect of decreasing credit volumes to businesses and individuals alike, hence increasing it further would slow down economic activity and raise inflationary figures, adding that a flexible monetary policy is needed to complement the expansionary fiscal policy proposed in the 2008 budget. The Bank's prime rate had been at a three-year high of 17 percent since last July, when soaring oil and food prices spurred retail... (allAfrica.com)
Press Release: Statement by the IMF Mission to Romania Feb 9, 2009
"In this context, we see the following policy requirements: The mission strongly supports the government's declared objective of reducing the fiscal deficit to around 2 percent of GDP. However, the 2009 budget is based on optimistic assumptions for economic growth and tax collections, suggesting that further efforts will be required to reach that target. We support the National Bank of Romania's (NBR) intention to remain focused on achieving its inflation objective. The Bank's inflation target... (IMF News)
South Africa set to keep on spending Feb 9, 2009
This also implies a rapid reduction in government debt levels whenever conditions turn for the better, Mr. Motlanthe added, suggesting the move did not reflect a permanent shift to overly expansionary fiscal policy. Mr. Twine estimated October's forecast of a 1. (Globe and Mail -- Business)
