Instead , they advocate using monetary policy for stabilization .
Nonetheless , New Keynesian economists do not advocate using expansive monetary policy for short run gains in output and employment , as it would raise inflationary expectations and thus store up problems for the future .
Economists advocate using monetary policy for stabilization .
Nonetheless , New Keynesian economists do not advocate using expansive monetary policy for short run gains in output and employment , as it would raise inflationary expectations and thus store up problems for the future .