Monetary
in sentence
5081 examples of Monetary in a sentence
The reality is that recourse to easy windfalls produced through loose
monetary
policy could have serious long-term repercussions, especially if they are used to delay efforts to address underlying issues.
The strategy was supposed to use a mix of
monetary
and fiscal expansion to help facilitate structural reforms.
What advanced-country central banks should be doing now is implementing
monetary
policies aimed at restoring their credibility, while governments focus on implementing effective fiscal policies and structural reforms.
Last month, finance ministers and central-bank governors of the G-20 countries acknowledged the limitations of
monetary
stimulus and embraced structural reforms, infrastructure investment, and fiscal policy as the key to future growth.
This suggests that the problem is more profound than one of insufficient
monetary
stimulus.
Finally, there are the more ambitious reforms – fiscal union and political union – that must complement
monetary
union if Europe is to avoid a similar crisis in the future.
If there is one lesson to be learned from Europe’s recent travails, it is that
monetary
union without fiscal and political union will not work.
Relative to global income - some $40 trillion - the magnitude of
monetary
growth would be minuscule.
This explains the almost continuous stream of measures that emanate from Beijing these days: increased public spending,
monetary
easing, pressure on state enterprises to expand activity, subsidies to exporters, partial convertibility of the remninbi to spur trade with neighboring countries, and so on.
The Fed’s Dollar DistractionCAMBRIDGE – In its September policy statement, the US Federal Reserve took into consideration – in a major way – the impact of global economic developments on the United States, and thus on US
monetary
policy.
This underscores an important risk that Yellen must now reckon with as she guides US
monetary
policy: in the longer run, the dominance of the Fed’s views in the market may cause serious economic harm.
The problem for the Fed and other central banks lies not in
monetary
accommodation, but in their communication strategies.
A second consequence of the dominant role of central banks’ communications in financial markets is that it crowds out private sources of information, thereby depriving the
monetary
authorities themselves of an invaluable, independent view of trends that they need for sound policymaking.
Specifically, they should stop giving forward guidance, including announcements about when they will begin to tighten
monetary
policy and by how much.
The country’s economic health would slowly be restored through a lengthy process of restructuring and the adoption of more responsible
monetary
and fiscal policies.
Moreover, although fiscal and
monetary
stimulus in China can compensate in the short term for weaker export demand, this will not be enough to sustain demand growth without economic “normalization” in the developed countries.
This is not guaranteed, however, as progress in establishing social insurance – crucial to increasing consumption – has been relatively slow, while
monetary
transfers to families (such as those that have been implemented in Brazil, Mexico, and elsewhere in Latin America) might not be feasible, given the logic of China’s political system.
In 2014, capital started to flow out of China and the currency started to depreciate, perhaps owing to a slowdown in the Chinese economy, relatively strong growth in the US, and a corresponding shift in their respective
monetary
policies.
They would also vote against austerity, imposed as a part of the EU’s strategy to defend the
monetary
union.
The Maastricht Treaty established a
monetary
union without a political union – a common central bank, but no common treasury.
The establishment of a single market and
monetary
unification in the absence of political integration has required delegation of policy to technocratic bodies such as the European Commission, the European Central Bank, and the European Court of Justice.
It would have been better if, in 2010, the IMF had demanded of the ECB a pledge “to do whatever it takes” and a program of “outright
monetary
transactions,” like those ECB President Mario Draghi eventually offered two years later.
This has been done before when African and Caribbean
monetary
unions and central banks were involved.
He has also agreed to a type of non-aggression pact with the eurozone, which pledges to respect “the rights and competences of the non-participating member States” in exchange for a British promise not to oppose the deepening of the economic and
monetary
union.
In
monetary
terms, each dollar spent would accrue benefits to Haitian society worth $24.
I believe that the developed economies need a jolt to escape their post-2008 malaise and their excessive reliance on easy
monetary
policy.
European governments were both strongly averse to floating exchange rates, which they assumed would be incompatible with a single market, and unwilling to perpetuate a Bundesbank-dominated
monetary
regime.
Lastly, we should consider the role of a country’s
monetary
balance with respect to its balance of payments.
There is a common
monetary
policy in the euro-zone countries, and an integrated capital market with financial institutions that are active across national frontiers.
Rethinking the role of the US dollar in the international
monetary
system is a case in point.
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