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Monetary in sentence

5081 examples of Monetary in a sentence

As in Europe or Japan, the financial crisis and subsequent monetary policy might be a major cause for this development.
In order to avert a likely depression, governments around the world engaged in fiscal and monetary stimulus in the midst of the global financial crisis.
Thus, monetary authorities should simply focus on price stability by targeting the rate of unemployment at which inflation does not increase, referred to as the “non-accelerating inflation rate of unemployment” (NAIRU).
But it is a misuse of that analysis to conclude that nothing can be done about unemployment, or that monetary authorities should focus exclusively on inflation.
The Persistence of Global ImbalancesJACKSON HOLE, WYOMING – The primary focus of this year’s Federal Reserve Bank of Kansas City symposium in Jackson Hole, Wyoming, which convenes the world’s leading central bankers, was not explicitly monetary policy.
Even though America’s financial markets nearly collapsed, its public-debt levels rose sharply, and the Federal Reserve was forced to undertake massive monetary expansion to support the economy, the dollar strengthened relative to most other currencies.
The answer lies in the fragmented and deliberately informal nature of Europe’s monetary union.
The euro's many benefits – cross-border pricing transparency, lower transaction costs, and inflation credibility – required surrendering independent monetary policies and flexible exchange rates.
The reason is that monetary cost is only one factor.
That is why you need an independent fiscal council to administer it, just as you need an independent central bank to pursue an inflation-targeting monetary rule.
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.
Expansionary monetary policy is expected to inject liquidity into the Japanese economy until inflation hits the Bank of Japan’s 2% target, while expansionary fiscal policy is expected to continue until economic recovery takes hold.
Anticipation of aggressive monetary expansion has sharply weakened the yen, which has fallen by almost 20% against the dollar in just over four months.
In particular, expansionary monetary and fiscal policies – which are helpful in the short term – must be accompanied by fundamental structural reforms.
That is why the success of “Abenomics” hinges not on the short-term stimulus provided by aggressive monetary expansion and fiscal policies, but on a program of structural reform that increases competition and innovation, and that combats the adverse effects of an aging population.
The regional economy would benefit from closer coordination of exchange-rate and monetary policies.
most likely stemmed from the fact that there are things that are very real and solid to monetary economists.
Against this background, monetary policymakers must be cautious, because low interest rates can shift the growth model back toward leverage and domestic consumer demand, stalling the structural shift to the tradable side that is underway.
But such adjustments cannot happen in a monetary union, so unit labor costs are slowly re-converging via a protracted process of flat nominal wage growth and slowly declining real wages (a process that would be quicker with higher inflation in Germany and Northern Europe).
But the PBOC’s monetary easing – accompanied by complementary fiscal and administrative adjustments – has done little to increase demand for new loans.
This will not be easy, given that the PBOC has plenty of additional room for monetary easing.
The key remaining questions concern whether or not the RMB will become an important international currency anytime soon, and whether it is poised to pose a serious challenge to the US dollar’s domination of the international monetary system.
If it comes from expectations of RMB appreciation, the success of RMB internationalization can be easily reversed and will cause more problems for China’s monetary authority to solve in the future.
Fortunately, China’s monetary authority has already noticed the subtlety of the distinction between legitimate demand for RMB-denominated assets and hot money.
So long as inflation was the real and present danger, it made sense to delegate monetary policy to conservative central bankers insulated from pressure to finance government budget deficits.
To achieve this, it is necessary for monetary and fiscal policymakers to work together, including by allowing the central bank, in extremis, to monetize budget deficits.
But after the global financial crisis highlighted the dangers of consigning monetary and fiscal policy to separate silos, central banks acquired additional responsibilities.
Independence is even more problematic in an age when the cross-border spillovers of national monetary policies have become powerful.
Unfortunately, far too much discussion has centered on what governments can do to stimulate demand through budget deficits and monetary policy.
Again, a great deal of attention has been lavished on the ebbs and flow of fiscal and monetary policy.
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