Monetary
in sentence
5081 examples of Monetary in a sentence
The truth is that
monetary
policy – which aims to promote overall economic growth, while maintaining price and financial stability – is not an appropriate lever for addressing income inequality.
This is not to say that
monetary
policy cannot affect inequality.
The unconventional
monetary
policies of recent years may also have some new effects.
The main line of attack goes something like this:
monetary
policymakers have been far too activist since 2008, overstepping their mandates and damaging the economy.
To make any sense at all,
monetary
policy must have different effects on different groups at different times.
That is no mistake; it is the essence of
monetary
policy.
Such a strategic goal would provide justification for prudent fiscal and
monetary
policies, and, given Poles’ desire to consider themselves full Europeans, it would boost political support for such policies.
So it is imperative that the new government prepares – in cooperation with the National Bank of Poland (NBP) – a comprehensive program to steer the course of fiscal and
monetary
policy toward the goal of euro membership.
But America’s favorable employment trend is accompanied by a substantial increase in financial-sector risks, owing to the excessively easy
monetary
policy that was used to achieve the current economic recovery.
The return to full employment reflects the Federal Reserve’s strategy of “unconventional
monetary
policy” – the combination of massive purchases of long-term assets known as quantitative easing and its promise to keep short-term interest rates close to zero.
But the Fed’s unconventional
monetary
policies have also created dangerous risks to the financial sector and the economy as a whole.
So that is the situation that the Fed now faces as it considers “normalizing”
monetary
policy.
Finally, after a good start, the ECB has now placed on hold the additional
monetary
stimulus that the eurozone needs.
Without a much easier
monetary
policy and a less front-loaded mode of fiscal austerity, the euro will not weaken, external competitiveness will not be restored, and the recession will deepen.
More eurozone countries will be forced to restructure their debts, and eventually some will decide to exit the
monetary
union.
The US and China have much to gain from cooperation on a variety of transnational issues like
monetary
stability, climate change, cyber rules of the road, and anti-terrorism.
To be sure, I wasn’t entirely shocked to find that the panelists denied the recent achievements of Abenomics and espoused the strange view that
monetary
policy cannot boost an economy, and yet can suddenly cause hyperinflation.
Investors will now dissect the implications of his departure for the ability of the
monetary
authorities to ensure price stability and encourage growth, or rebuild a banking system beset with non-performing loans.
Indeed, not only are governments running out of fiscal bullets as debt surges, but
monetary
policy is having little short-run traction in economies suffering insolvency – not just liquidity – problems.
Worse still, in the medium turn the
monetary
overhang may lead to significant inflationary risks.
The first era of globalization, which lasted until 1914, was a success as long as economic and
monetary
policies remained insulated from domestic political pressures.
The architects of the Bretton Woods regime kept this lesson in mind when they redesigned the world’s
monetary
system in 1944.
They understood that democratic countries would need the space to conduct independent
monetary
and fiscal policies.
Clearly, influential Tea Party supporters would strongly resist any attempt now by Fed Chairman Ben Bernanke to find unorthodox ways to run a more expansionary
monetary
policy.
Back then, the demise of the Bretton Woods system of fixed exchange rates had left central bankers exposed to political pressure in favor of more expansionary policies and even
monetary
financing of fiscal deficits.
Moreover,
monetary
policy, which has been shouldering much of the burden of recovery since the 2008 economic crisis, must be rethought.
Although women do head central banks in 17 emerging markets – including Malaysia, Russia, Argentina, South Africa, Lesotho, and Botswana – they are the exceptions that prove a general rule: women are excluded from the world of
monetary
policymaking.
If a lack of skills or experience is not preventing women from reaching the summit of
monetary
policymaking, what is?
Most of its members’ governments did not seek their people’s approval to turn over their
monetary
sovereignty to the ECB.
They understood that unemployment would rise if the country’s
monetary
policy were set by a central bank that focused single-mindedly on inflation (and also that there would be insufficient attention to financial stability).
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