But, during more "normal" times, monetary expansion can stimulate the economy.
He focused on monetary expansion as a means of helping to create full employment.
In section 3.4 we shall look at some of the factors constraining monetary expansion.
High interest rates do not explain Korea's monetary expansion in the 1970's.
The government sought to cover this deficit through monetary expansion, which led to a dramatic increase in inflation.
Now, even though we'll get some tax cutting, we'll not see the same rate of monetary expansion that we've had.
Whatever its reasons, the Fed does appear to have held an extremely tight grip on monetary expansion during the second half of 1987.
Another response to the panic was monetary expansion, primarily at the state level.
At the same time, the underlying pace of monetary expansion remains moderate.
This means that in the long-run, the full effect of any monetary expansion will be on the price level.