But it is such a massive task to restimulate this economy that a more stimulative fiscal policy ultimately will be needed.
Despite stimulative monetary policy, long-term interest rates remain stubbornly high, especially in relation to inflation.
West German officials agreed Monday to lower short-term interest rates and to pursue a somewhat more stimulative monetary policy.
Along with appropriate stimulative policies abroad, easier money in the United States would thus help move the world to higher levels of prosperity and growth.
The president stumbled inadvertently into some stimulative policies.
We can no longer have a stimulative policy.
The author views the book as delivering a call for stimulative expansionary policy and an end to austerity.
However, the second type of policies - stimulative policies - are essential.
They added that in the absence of a more stimulative fiscal policy, the Fed will probably need to lower rates again.
Instead, the Fed pursued its own stimulative policy, pushing interest rates to the lowest level in a generation.