Example collocations logo

Monetary in sentence

5081 examples of Monetary in a sentence

Meanwhile, as the crisis has deepened, a new consensus about Europe’s monetary union has emerged.
The Report on economic and monetary union in the European Community, which laid out the euro blueprint, was presented in April 1989 – a time when no one (with the possible exception of some Kremlin strategists) was thinking about German reunification.
Moreover, the salient issues concerning monetary unions were well understood, and remedies for the most significant obstacles were proposed at the outset.
Its internal debates highlighted two problems of the potential monetary union.
The demand that the ECB should be the central supervisory authority in an integrated capital market met strong resistance, above all from Germany’s Bundesbank, which worried that a role in maintaining financial stability might undermine the Bank’s ability to focus on price stability as the primary goal of monetary policy.
At the time of his report, he concluded that the European budget would amount to some 3% of GDP – identical to the peacetime US federal budget’s share of GDP during the country’s first stage of monetary union, in the nineteenth century.
Without monetary policy, fiscal policy or supply side reforms, how else can Japan return to growth except by a depreciation-driven export boom?
Empirical models that try to quantify the impact of exchange rate changes suggest that without an aggressive monetary policy response, a 40 % euro appreciation would knock 2.5% off European growth.
The US Federal Reserve’s monetary policy has an important effect on long-term interest rates.
During the period of monetary easing that followed the 2008 financial crisis, the Fed cut the federal funds rate to just 0.15% and declared that it would remain low for a long period of time.
During the past decade, the Fed also intervened in the long-term market as part of its “unconventional monetary policy” aimed at stimulating the economy.
The European Central Bank has played a crucial role in preventing a worst-case scenario, but the obvious lacuna in Europe’s economic and monetary union (EMU) remains: EMU established only a monetary union and largely omitted the economic union that has proven so closely linked to the euro’s strengths and weaknesses.
To those who believed that monetary policy had been too tight, the ECB was right to do whatever it could to push inflation up toward the target range.
Yet for those in favor of the ECB’s “stability-oriented monetary policy” – a term suggesting that others disregard the risk of monetary instability – the price-stability objective has evidently become too constraining.
Of course, those in favor of higher interest rates would counter that inflation of 1% or even less is in fact “close” to 2%, implying that price stability has been achieved and monetary policy can be tightened.
But nowhere does the ECB’s mandate say that monetary policy should be set in the interest of savers or the financial industry.
First, it should get rid of the ambiguity inherent in the words “close to,” by setting a point target to provide clarity to the public – and to ECB Governing Council members – about what its monetary policy aims to achieve.
For women who have been victims of rape, there are no monetary benefits, memorials or mourning rituals.
But today a surprising number of mainstream economists and centrist politicians are endorsing the idea of monetary financing of stimulus measures in different forms.
The wave of corporate investment that was supposed to be unleashed by a combination of fiscal restraint (to rein in government debt) and monetary easing (to generate ultra-low interest rates) has never materialized.
In the coming years, in areas such as climate change, global imbalances, and reform of the international monetary system, China should and will play a more active role as a major global stakeholder.
Moreover, the country benefits from strong public finances, prudent monetary policy, sustainable debt dynamics, a sound banking system, and well-functioning credit markets.
A third shortcoming is that, after an adjustment period, wages and contracts are more likely to adjust more frequently than they would with a 2% inflation target, making monetary policy less effective.
But it is extremely undesirable for government spending to have to be as volatile as it would be if it had to cover for the ineffectiveness of monetary policy.
But despite all the wailing from supporters of monetary union, there may be an opportunity here.
The Case Against Helicopter MoneyMUNICH – Despite years of expansionary monetary policy, the European Central Bank has failed to push inflation back up to its target of “below but close to 2%.”
Most booms are produced by bad monetary and fiscal policies.
This could be achieved by monetary and fiscal policy: low interest rates and large state investment programs.
That is why we must complete the unfinished business of economic and monetary union – and why the European Commission has long argued for the creation of a banking union as an indispensable step toward that goal.
And we will need to bridge the gap between eurozone members and EU members that remain outside the monetary union, some of which may want to participate in the new supervisory mechanisms.
BackNext