In turn, this generates a contractionary effect on output. Thus, unless the government has plenty of room to finance an increase in aggregate demand without affecting the interest rate much ...

Is this, as alleged, because of excessive reliance on raising the interest rate as a policy response? More likely it is because of contractionary effects of devaluation. There are various possible ...

To cool down this overheated economic engine, a nation's central bank will implement a contractionary monetary policy to slow the rapid growth and the rise in prices. Contractionary monetary ...

The economic situation in Bangladesh improved in September compared to the preceding month but remains in a contractionary mode, suggests the latest Bangladesh Purchasing Managers' Index (PMI).