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Monetary in sentence

5081 examples of Monetary in a sentence

That all changed with the post-2008 global economic recession, which exposed weaknesses in the monetary union’s structure.
I do think, however, that Farmer’s views on the use of monetary policy to stabilize asset prices deserve serious consideration.
By highlighting them, I don’t mean to downplay the importance of other issues – US monetary policy, weak commodity prices, debt crises, and the like – that are likely to affect the global economy in the year ahead.
A variation of this conundrum emerges in monetary policymaking.
In the jargon of modern monetary technocrats, the issue is how to “anchor expectations."
In Lima, he argued that the so-called “separation principle,” whereby monetary and financial stability are addressed differently and tasked to separate agencies, no longer makes sense.
That is what Abenomics’ first two “arrows” – bold monetary policy and flexible fiscal policy – have achieved so far.
I do not disagree: by definition, structural reforms take more time than changes in monetary and fiscal policy do.
The gap is simply too large between what is needed to restore competitiveness and what citizens can stomach if they remain part of the monetary union.
The net result of fiscal and monetary policy moving in opposite directions is that the Fed will make the government debt created by this legislation more expensive.
But the eurozone’s architecture – in which monetary policy is centralized, but budgetary and economic policies are left up to individual governments – is not viable in the long term.
A Cautionary History of US Monetary TighteningBERKELEY – The US Federal Reserve has embarked on an effort to tighten monetary policy four times in the past four decades.
As the Fed prepares to tighten monetary policy once again, an examination of this history – and of the current state of the economy – suggests that the United States is about to enter dangerous territory.
Between 1979 and 1982, then-Fed Chair Paul Volcker changed the authorities’ approach to monetary policy.
Furthermore, this period of monetary tightening had unexpected consequences; financial institutions like Citicorp found that only regulatory forbearance saved them from having to declare bankruptcy, and much of Latin America was plunged into a depression that lasted more than five years.
Then, between 1988 and 1990, another round of monetary tightening under Alan Greenspan ravaged the balance sheets of the country’s savings and loan associations, which were overleveraged, undercapitalized, and already struggling to survive.
Between 1993 and 1994, Greenspan once again reined in monetary policy, only to be surprised by the impact that small amounts of tightening could have on the prices of long-term assets and companies’ borrowing costs.
Indeed, wage patterns suggest that this ratio, not the unemployment rate, is the better indicator of slack in the economy – and nobody ten years ago would have interpreted today’s employment-to-population ratio as a justification for monetary tightening.
Meanwhile, given the fragility – and interconnectedness – of the global economy, tightening monetary policy in the US could have negative impacts abroad (with consequent blowback at home), especially given the instability in China and economic malaise in Europe.
It is tempting to conclude that the Fed’s eagerness to tighten monetary policy – despite unfavorable historical precedents and ongoing economic uncertainty – is driven by commercial banks with excessive influence in official policymaking.
What would most benefit commercial banks is not an immediate increase in interest rates, but a monetary policy that contributes to ensuring that the economy is capable of supporting higher interest rates in the future.
If history is any guide, tightening monetary policy in the near term will only lead to further economic turbulence, followed by a rapid retreat to low interest rates.
With inequality reaching such extremes, it is not surprising that its effects are manifest in every public decision, from the conduct of monetary policy to budgetary allocations.
Worse, the very act of currency intervention can undermine the PBOC’s control of monetary policy.
Some economists point to highly expansionary monetary policy in the years leading up to the crisis.
The Blind Alley of Monetary PopulismSWARTHMORE – In the United States and elsewhere nowadays, populist politicians often claim that easy monetary policy is hurting ordinary workers, thereby exacerbating income inequality.
After all, low interest rates benefit debtors and hurt creditors, as does the inflation that can be spurred by monetary easing.
Throughout most of US history, for example, populists have supported easy monetary policy as a way to help the little guy against distant bankers with hard hearts devoted to hard money.
Populist arguments against easy monetary policy are flimsy, at best.
But so are populist arguments for tightening monetary policy – in the US, Donald Trump, following Ted Cruz and other Republican leaders, has advocated a return to the gold standard.
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