reflationary

France, he said, needed a more reflationary policy that would increase employment and check the "catastrophic" loss of industry here.

It was the rollback of those same reflationary policies that led to the interrupting recession of 1937.

This reflationary push has already helped to revive Japanese bank stocks and is likely to help push the economy to grow faster.

However, we are conscious also that the market will return to a more normal discounting mechanism ahead of any hard evidence of a reflationary economic revival.

The concern is that the reflationary measures will overshoot so that it is then followed by a massive inflationary bubble.

Although China emerged rapidly from the downturn of 2008-09, Edwards said the recovery had been the result of a massive reflationary package by the Chinese government.

For instance, by using reflationary tools to set the economy rolling (by decreasing taxes and injecting more money in the market), the government risks running into a trade deficit.

Mosley resigned from the Labour government in 1930 as a result of the Cabinet turning down his reflationary programme contained in the Mosley Memorandum.

This prevented the application of reflationary policies over long time periods, since deflation of demand, to reduce spending on imports, was often used to correct balance of payments deficits.

Japan, represented by finance minister Taro Aso, "escape[d] criticism" for the 20% drop in the yen that had stemmed from its recent reflationary policies.

The yen's depreciation "doesn't have the reflationary impact on the economy that it had in the past," she continued, "and we are reaching the point where negatives begin to outweigh the positives."

The Chancellor of the Exchequer, Nigel Lawson, overreacted to a market fall with his reflationary 1988 budget, stoking inflation and precipitating a slide in the government's fortunes.

A number of Green New Deals - government reflationary packages designed to kickstart economies and boost action to counter climate change - have been laid out by ministers around the world.

Although the government's reflationary policies tended to stabilise unemployment, the number of people out of work topped 2 million, in spite of a pledge made by Mitterrand to keep it below this figure.

A strong commitment from the 25 towards a coordinated reflationary policy, as well as greater national and trans-European infrastructure investment, will enable Europe to restart growth, which is a prerequisite for gaining acceptance of difficult structural reforms.

Evolving his own version of the Independent Labour Party's 'Socialism in Our Time' reflationary strategy, Oswald Mosley, when a member of the 1929 Labour government, proposed a new retirement pension.

Obama seems to have come to power in the belief that the Republican opposition would be willing to compromise with his social programmes and reflationary economic policies, and was unable to call in favours from Congressional friends and intimidate others into supporting him.

Meanwhile, the Bundesbank - which will hand over the monetary reins to the new European Central Bank in only a few months - wants its successor to understand the importance of sound money and stable prices, and is unwilling to blur that message with any hasty reflationary moves.

As far as equities are concerned, and depending on one's view of developments, selection might focus on stocks likely to benefit from falling interest rates such as Michelin, Rhone Poulenc and Pechiney, and those benefiting from reflationary measures in the economy, such as Bouygues.

Although the Mauroy government's social policies improved the living standards of the less well-off in French society, its reflationary economic strategy (based on encouraging domestic consumption) failed to improve the French economy in the long term, with increases in the level of inflation as well as in the trade and budget deficits.