Encourage expansionary monetary and fiscal policy abroad
Encourage expansionary monetary and fiscal policies abroad (most notably in cash-rich Asia), so that the decline in U.S. consumer spending is smoothly offset by a rise in spending in other countries.
Immediately related elementsHow this works
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The Global Financial Crisis »The Global Financial Crisis
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How should the US and other governments respond? »How should the US and other governments respond?
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Measures to alleviate the immediate symptoms? »Measures to alleviate the immediate symptoms?
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Encourage expansionary monetary and fiscal policy abroad
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Bolster internal demand overseas to offset loss of US sales »Bolster internal demand overseas to offset loss of US sales
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Help increase US exports »Help increase US exports
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