That’s because current rates are significantly contractionary ... The accompanying graph plots the history of R-Star and the one-year real Treasury yield over the past two decades.

However, too much money in an economy can lead to inflation. Governments tend to keep the money supply relatively scarce through contractionary policy. The main contractionary policies employed ...

The seasonally adjusted PMI remained in contractionary territory for a sixth consecutive month, which is bad news for GDP.

closing the economy?) for inefficient sectors to smooth ... In turn, this generates a contractionary effect on output. Thus, unless the government has plenty of room to finance an increase in ...