Expansionary fiscal policies are meant to stimulate the economy during recessions and other tough times. Check out some ...

The Fed targets around 2% inflation per year, and during a recession, inflation may indeed remain well below this target, allowing the central bank to maintain expansionary monetary policy.

Central banks conduct monetary policy to achieve price stability, but decisions also have effects on labor-market outcomes. In this paper, we identify exogenous monetary shocks with the ‘interest rate ...