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Britain cannot afford any further fiscal stimulus, King warns
" Mervyn King urges the government not to introduce more fiscal aid in next month's budget as Britain's public finances are already in such dire straits"
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What Does Fiscal Stimulus Mean?
moneyning.com 3/23/2009 — This is a guest post from Manshu, author of OneMint.com who started writing articles when he was majoring in finance. With the economy reeling under a recession, the word that you read quite frequently is stimulus. But what is it? First, let’s explore a few terminologies: recession, GDP, ...
BoE Governor: No More StimulusRolfe Winkler
Like his counterpart on this side of the Atlantic, UK Prime Minister Gordon Brown has called for massive stimulus from all governments in order to jump start the world economy. The Governor of the Bank of England took the unusual step of criticizing the PM, insisting that Brown act with ...
UK’s King warns on fiscal expansionFT Alphaville
Mervyn King on Tuesday said the UK could not afford a second fiscal stimulus in next month’s Budget, in a rare public warning by the central bank governor. In comments that will weigh on Gordon Brown ahead of next week’s G20 summit in London, King said Britain faced “very large fiscal deficits ...
Investing in a period of high inflationCanadian Capitalist
In response to the credit crisis, central banks authorities and governments around the world have taken unprecedented action in providing massive fiscal and monetary stimulus. Warren Buffett, in a recent interview with CNBC , said that such actions have the potential to be “very inflationary”. ...
What A Sensible Keynesian Would SayEconLog: Library of Economics and Liberty
(March 19, 2009 06:04 PM, by Bryan Caplan) I'm not sure if James Hamilton would call himself a "Keynesian," but this is exactly what sensible Keynesians should say:I emphasize that I am decidedly not suggesting that either fiscal or monetary policy stimulus are capable of solving all of...
Quantitative easingMarginal Revolution
Bernanke will do it .  I'm sitting in an airport, so here is a very quick take.  It is cheaper and quicker than fiscal stimulus; this should have been our first move.  It is more likely to work.  There are two effects: lowering long-term interest rates and the helicopter ...