Accommodative
in sentence
56 examples of Accommodative in a sentence
Policy would still be
accommodative
if the Fed maintained low interest rates rather than the zero level that was appropriate for a panic.
After all,
accommodative
monetary policies can, at best, merely buy time for more durable sources of demand to emerge.
For central banks, planning the exit from an
accommodative
policy stance is less important than exiting their current communication strategies.
The financial crisis ushered in a new source of downward pressure on interest rates, as monetary policy turned emphatically
accommodative.
For example, while annual inflation stood at 0.8% in December 2014, the minutes of the January 2015 FOMC meeting refer several times to the Committee’s need to make “progress toward its objectives of maximum employment and 2% inflation” by maintaining a highly
accommodative
policy stance.
And yet the announcement of a monetary-policy package that in a different era would have been considered inconceivably accommodative, actually disappointed financial markets.
Under these conditions, monetary policy should remain
accommodative
and further fiscal austerity should be eschewed.
Reflecting its growing vulnerability, China’s reactions to Trump’s continued threats have been notably
accommodative.
But the approach that will bring the most progress is a “middle passage” that smooths contradictions and offers a balanced, accommodative, and pragmatic vision behind which Africans can unite.
If central banks attempt to exit their aggressively
accommodative
policies without complementary actions to restructure debt or restore demand, growth, and investment, growth will suffer – as will central banks’ credibility, or even their independence.
Wedded to a “Phillips curve” mentality conditioned by the presumed tradeoff between economic slack and inflation, central bankers remain steadfast in their view that an
accommodative
policy bias is appropriate as long as inflation falls short of their targets.
And we know how to do that:
accommodative
monetary policy; fiscal adjustment in all advanced economies that includes concrete and realistic plans to reduce debt over the medium term, but does not undercut short-term growth; completing the banking-sector cleanup; and reforms to boost productivity and growth potential.
But, as markets learn to cope with a less
accommodative
monetary policy, there could be an important silver lining, which most people have ignored.
Sovereigns with high and/or rising debt levels may find them sustainable now, given aggressively
accommodative
monetary policy.
This prideful interpretation amounted to the siren song of an extremely
accommodative
monetary policy.
Moreover, the Fed’s modest tightening is being matched by a trend toward looser monetary policy in the eurozone and Japan; so, overall, advanced-country monetary policy remains highly
accommodative.
Following the recession of the early 1990s, the United States maintained low interest rates and an
accommodative
monetary policy, just as it did after the 2008 global economic crisis.
A combination of solid growth and sustained low real interest rates was the norm in the US for much of the 1940s-1970s, when (as I have documented elsewhere) financial repression prevailed, owing to heavily regulated capital markets and an
accommodative
central bank.
Expansionary fiscal policy and
accommodative
monetary policy also have an important role to play in placing China on a more stable and sustainable growth path.
The risk of a global crash has been low, because deleveraging has proceeded apace in most advanced economies; the effects of fiscal drag are smaller; monetary policies remain accommodative; and asset reflation has had positive wealth effects.
If news reports are correct, some members of the committee have been using their position to promote more
accommodative
negotiating positions.
Moreover, monetary policy is likely to remain accommodative, and inflation remains lower than expected.
Interventions in this market would likely entail a stronger signal that the ECB is committed to maintaining an
accommodative
monetary policy for an extended period of time.
In view of improving economic performance in the developed world, a gradual reversal of aggressively
accommodative
monetary policy does not appear likely to be a major drag or shock to asset values.
Afflicted by a profound sense of amnesia, central banks have repeated the same mistake they made in the pre-crisis froth of 2003-2007 – over staying excessively
accommodative
monetary policies.
The advanced economies, benefiting from a half-decade of painful private-sector deleveraging (households, banks, and non-financial firms), a smaller fiscal drag (with the exception of Japan), and maintenance of
accommodative
monetary policies, will grow at an annual pace closer to 1.9%.
But, together with debt restructuring,
accommodative
monetary policy, liquidity support from the European Central Bank, and much-required structural reforms, they can help to put these troubled economies on a sound footing without a euro breakup or a major austerity-induced recession.
Indeed, if the Fed makes an inadvertent mistake (the likelihood of this is considerable, given the country’s complex situation and the “unusually uncertain” outlook), it is more likely to err on the side of staying
accommodative
for too long, rather than tightening monetary policy prematurely.
Drawing false comfort from low inflation, overly
accommodative
monetary policies have led to massive bubbles in asset and credit markets, resulting in major distortions in real economies.
Since the Fed started to curb its QE program, there has been constant speculation over just when its current
accommodative
monetary policy will end.
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