In addition, as the Asian financial crisis, there is a vigorous policy response in the form of greatly expansionary fiscal and monetary policy in the United States. cheap nike nfl jerseys Fiscal balance change from 2.4% of GDP surplus in 2000 to 2001, 1.3% of the small surplus and deficit of 1.5% in 2002 and almost 3.5% in 2003 (the congressional budget office 2008). The federal funds rate is set by the U.S. federal reserve cut by 6% in 2001 to 3.75% of the early January to late? The 2001 national 1.25% from November 2002, further to 1%, in June 2003.
It is important to note that while Asian policy always criticism, nfl jerseys free shipping the developed countries is not better. As I always say, all decision makers in a similar way in times of crisis and monetary easing and fiscal stimulus. In developed, however, we call it a "prudent" policy, the others is referred to as "careless" policy. The latter is referred to as carelessness did not take lessons (moral hazard)... We don't see any lessons in the former. First of all, by cutting interest rates, they lead to huge capital flows to emerging economies.
It is important to note that while Asian policy always criticism, nfl jerseys free shipping the developed countries is not better. As I always say, all decision makers in a similar way in times of crisis and monetary easing and fiscal stimulus. In developed, however, we call it a "prudent" policy, the others is referred to as "careless" policy. The latter is referred to as carelessness did not take lessons (moral hazard)... We don't see any lessons in the former. First of all, by cutting interest rates, they lead to huge capital flows to emerging economies.
RSS Feed