Word: stimulus
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Dates: during 1980-1989
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...financial crisis was avoided. It can even be argued that the actions of the Fed to revive the market, namely pumping huge amounts of liquidity into the economy, provided the stimulus for the strong growth we have seen in 1988. The market has recovered somewhat, and the echoes of the crash are only dimly heard...
JEFF Faux of The Nation exposes three serious shortcomings in the Peterson plan. First, it seeks to bring down the deficits too fast. Peterson's goal of a $30-40 billion reduction in the first year equals a net public sector stimulus of zero, which increases the risks of recession. Second, it uses fiscal austerity as a pretext for undermining the role of government in domestic investment, especially in terms of human resources...
...increasingly to homemade goods rather than imports. "A larger share of total domestic demand will be satisfied by domestic production," says Saul Hymans, professor of economics at the University of Michigan. To meet the increased demand, U.S. companies will have to boost capacity, and that will give a forceful stimulus to capital goods industries. "Exports and capital spending are two very powerful forces," says Charles Reeder, a former chief economist for Du Pont and now an independent consultant...
...September, thanks in part to a $38 billion government program to stimulate the economy that passed the parliament last spring. Roger Brinner, chief economist of the forecasting firm Data Resources, predicts that even West Germany will spur its economy and increase imports from the U.S. Says he: "The stimulus in Europe will not be because they are being kind to us. It's entirely because they see that their own economies are in very dire need of support. Otherwise they end up having a genuine recession...
...argued, though, that IRAs did not spur new saving, but simply encouraged the shifting of funds from other investments. Advocates of the retirement accounts, however, contend that IRA contributions were just beginning to spur greater thrift when they were restricted in 1986, and that they would provide a powerful stimulus for saving if restored. The problem with restoring the IRA deduction is that the tax break would swell the federal deficit unless the change was offset by other revenue...