This fact points in a similar direction as the high MPC fact: macro stimulus can raise output substantially in circumstances when monetary policy is accommodative (e.g., at the ZLB).
Source: wiktionary
Accommodative
/əˈkɒm.əˌdeɪt.ɪv/
Synonyms for "accommodative" (25 found)
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Closest matches (5)
Adjective(2 words)
Strong matches (8)
Noun(1 words)
communication based instruction
Adjective(3 words)
Related words (12)
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