Words similar to reflate
Example sentences for: reflate
How can you use “reflate” in a sentence? Here are some example sentences to help you improve your vocabulary:
Well, if Brazil cannot devalue its currency for fear of speculators, cannot use fiscal or monetary policy to reflate its economy because to do so would cause capital flight, and the country must therefore endure a prolonged period of recession and deflation, you cannot in good conscience make the conventional arguments in favor of free trade.
What really struck me in Skidelsky's account, however, was the extent to which conventional opinion in the 1920s viewed high unemployment as a good thing, a sign that excesses were being corrected and discipline restored--so that even a successful attempt to reflate the economy would be a mistake.
I still believe that macroeconomic activism is possible: that Japan can reflate itself out of its slump, that countries such as Brazil can find ways to deal with the threat of speculative attack.
"Emerging market" nations, terrified of capital flight, dare not reflate their economies; on the contrary, we find the front-line economy of the moment, Brazil, compelled by fear of speculators to act in a precisely anti-Keynesian fashion: increasing interest rates, raising taxes, and cutting spending even as the economy slides into a nasty recession.