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Inflationary in sentence

380 examples of Inflationary in a sentence

Or, more precisely, they reflect the requirement that the real exchange rate be such that the economy attains both external balance (a small and manageable current-account deficit) and internal balance (no inflationary pressures at home).
Then there is the question of how emerging-market policymakers respond to the turbulence: Will they raise rates to stem inflationary depreciation and capital outflows, or will they cut rates to boost flagging GDP growth, thus increasing the risk of inflation and of a sudden capital-flow reversal?
Superficially, the euro and the ECB can be seen as the solution to this inflationary conundrum in the European context.
They protect the Italian electorate from their politicians’ counterproductive inflationary tendencies.
But the effects of quantitative easing on economic activity are uncertain, and such an inflationary policy might well invite retaliation from Europe’s trading partners.
At the same time, right-leaning economists still busy themselves arguing that the Obama administration’s fiscal policies and then-Fed Chair Ben Bernanke’s monetary policies were dangerously inflationary.
Yet the Fed, in its desperation to avoid a US recession, keeps pouring more money into the system, intensifying the inflationary pressures.
A more rapid “taper” of quantitative easing by the Federal Reserve in response to signs of incipient inflationary pressure would have a similar effect.
By allowing for exchange-rate flexibility, this approach would also enable the central bank to avoid the twin hazards that arise in a currency union: undervaluation, which produces inflationary pressure, and overvaluation, which demands wrenching internal devaluations (driving down real wages).
Indeed, until the recent renewed downturn in America and Europe, the emerging world’s major policy concern was too much growth, mounting inflationary pressure, and economic overheating.
To avoid ruble depreciation and inflationary pressure, the CBR raised its benchmark interest rate to 8% (from 5.5% before the Crimea crisis).
For, as inflationary fears in the BRIC giants grow, second thoughts about the shift in the world economy’s center of gravity are beginning to gain currency.
By contrast, the defining event shaping European monetary policy is the hyperinflation of the 1920’s, filtered through the experience of the 1970’s and 1980’s, when central banks were enlisted once again to finance budget deficits – and again with inflationary consequences.
Europeans should ponder why the inflationary 1920’s, rather than the politically catastrophic 1930’s, have become the historical lodestar for current monetary policy.
At this point, inflationary expectations will increase, long-term government bond yields will rise, and the recovery will be crowded out.
With the US government forced to answer to its citizens, it is unlikely to resort to inflationary debt financing.
To rein in rising house prices and pre-empt the inflationary impact of the strongly expansionary fiscal and monetary policies implemented during the global financial crisis, China’s monetary authorities began to tighten financial conditions in January 2010.
Vigorous liquidity tightening eventually mitigated inflationary pressure, but it also impeded economic growth, which had slowed steadily after peaking at 12.8% in the first quarter of 2010.
It is easy to imagine each social group demanding a larger share of national income, which by definition is inflationary.
With a large output gap and low inflationary pressure, expansionary policies show great potential for reviving economic activity.
Then I read declarations like that by Dallas Federal Reserve President Richard Fisher, that dangerous inflationary pressure was building during the summer of 2008, and I find myself at a loss.
In principle, Germany could try to boost domestic demand by leveraging up; but, unless the exchange rate adjusts upward to shrink the tradable sector at the margin, doing so would be inflationary.
Directing credit in order to increase supply of goods need not be inflationary; on the contrary, the increased supply of domestically produced goods may be an effective instrument for combating inflation.
Appropriate accounting, separating expenditures for recapitalizing banks from ordinary expenditures, such as those needed to run hospitals and schools, would make clear that these expenditures are not by themselves inflationary.
It is only the credit expansion that such expenditures allow which might be inflationary.
The argument against is moral hazard: If we admit that modest ECB-financed deficits are possible and appropriate now, what will prevent politicians and electorates from demanding large and inflationary ECB-financed deficits on other occasions?
This doctrine took hold with the monetarist counter-revolution against Keynesian economics that resulted from the inflationary crises of the 1970s.
But, just as Keynesianism was discredited by the inflationary crises of the 1970s, market fundamentalism succumbed to its own internal contradictions in the deflationary crisis of 2007.
Any attempt to use expansionary government policies to drive unemployment below a certain level, they demonstrated, would fuel inflationary expectations and undermine both economic growth and employment.
The only difference is that, if exchange rates remain fixed, advanced countries will have to go through a protracted period of low inflation (or even deflation), which will make their debt burden even harder to bear, and emerging countries will have to enter an inflationary period as capital flows in, driving up reserves, increasing the money supply, and ultimately boosting the price level.
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