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Monetary in sentence

5081 examples of Monetary in a sentence

But this argument becomes irrelevant when ensuring price stability is no longer monetary policymakers’ sole task.
The second argument for institutional independence is that central banks have a clear comparative advantage in dealing with monetary issues, and can therefore be trusted to pursue their targets independently.
In China, where inflation is falling sharply, monetary policy has already begun to ease.
China responded to the 2009 global slowdown with dramatic fiscal and monetary stimulus, which fueled a rapid investment-led recovery at home and throughout Asia.
Given that monetary policy is the first and best line of defense against a recession, an urgent task for the new chair is to develop a better approach.
Moreover, higher inflation would induce greater indexation, ultimately undermining the effectiveness of monetary policy.
In short, Brazil lacks a credible fiscal and monetary anchor.
When it comes to the latter, European Central Bank President Mario Draghi’s proposals in August – expanded monetary easing, structural reforms (particularly in France and Italy), and some fiscal expansion by countries like Germany – provide a useful framework to be supplemented with concrete measures.
But monetary expansion alone will be inadequate to lift the eurozone out of stagnation.
The first misstep was the ECB’s delay in tightening monetary policy, long after it had become obvious that interest rates had been held too low (at 2%) for too long (from June 2003 to December 2005).
On one level, this disparity can be explained by the fact that G7 infighting will have only a small and narrow impact on growth, especially compared to factors like monetary policy.
Or consider the claims – also rampant these days – that further government attempts to increase demand, whether through monetary policy to alleviate a liquidity squeeze, banking policy to increase risk tolerance, or fiscal policy to provide a much-needed savings vehicle, will similarly fail.
Better regulation and monetary policy during the boom years, therefore, could limit the scale of any bust.
Unprecedented long-term monetary stimulus and massive spikes in public-debt burdens have left governments poorly equipped to manage the next economic downturn when – not if – it arrives.
With respect to monetary policy, the United States’ unemployment rate, at around 5%, is close to what most economists consider full employment, and the Federal Reserve is widely expected to raise its target interest rate again in December.
The Easy Money ContagionJACKSON HOLE, WYOMING – To consider the actions taken by the world’s major central banks in the past month is to invite an essential question: when – and where – will all this monetary easing end?
In response to the new monetary stimulus, the London stock market surged and the UK pound slid further.
While it is commonly believed that the devaluations were intended to “beggar thy neighbor,” Nurkse pointed out that they were often accompanied by expansionary monetary policy, which benefited world trade.
But the contagious nature of the rate cuts does raise the question of whether domestic monetary policies have once again become more interdependent.
In other words, when it comes to global monetary easing, the buck may not stop at the Fed.
The no-bailout clause that was included in the monetary union’s founding treaty is an indispensable corollary.
After all, while the previous rounds of US monetary easing have been associated with a persistent increase in equity prices, the size and duration of QE3 are more substantial.
But, despite the Fed’s impressive commitment to aggressive monetary easing, its effects on the real economy and on US equities could well be smaller and more fleeting than those of previous QE rounds.
In both 2010 and 2011, leading economic indicators showed that the first-half slowdown had bottomed out, and that growth was already accelerating before the announcement of monetary easing.
Meanwhile, the main transmission channels of monetary stimulus to the real economy – the bond, credit, currency, and stock markets – remain weak, if not broken.
If monetary policy’s transmission channels to the real economy are broken, one cannot assume that QE will have a significant effect on economic growth.
Fed Chairman Ben Bernanke has recently emphasized the importance of an additional channel: the confidence channel, through which the Fed’s commitment to maintaining generous monetary conditions for longer could improve private spending.
But a predictable monetary policy aimed at delivering medium-term price stability – with a flexible exchange rate where appropriate – benefits both the private sector and, most importantly, the poor.
Indeed, the situation is even more absurd when G7 finance ministers meet: the central bank governors of France, Germany, and Italy still attend these meetings, even though their banks have been reduced to local branches of the European Central Bank, while the president of the ECB - these countries' real monetary authority - is a mere "invited guest."
Friedman was one of the twentieth century’s leading economists, a Nobel Prize winner who made notable contributions to monetary policy and consumption theory.
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