Monetary
in sentence
5081 examples of Monetary in a sentence
Although the eurozone is showing signs of a solid economic recovery, the European Central Bank is feeling increasing pressure to taper its ultra-expansionary
monetary
policies.
In recent years, tight
monetary
policy and increasingly strict controls on the real-estate sector have caused the growth rate of fixed-asset investment to fall, from more than 25% annually before 2008 to around 20% today.
With China’s leaders having offered no indication that they will change current
monetary
policy, some economists have estimated that Li will not act until GDP growth falls below 7%.
Second, after a period of alignment, the
monetary
policies of these three large and systemically important economies are diverging, taking the world economy from a multi-speed trajectory to a multi-track one.
Given the way Keynesianism came to be associated with inflationary fiscal and
monetary
policies in the 1970s, it is easy to forget what a hawk Keynes was in his final years.
Emerging markets are worried because they believe that the Fed’s ultra-aggressive
monetary
policy will have little effect in expanding US domestic demand.
The US should dial back its aggressive
monetary
policy, focusing on repairing its own economy’s structural problems, while emerging markets should respond by allowing their exchange rates to appreciate steadily, thereby facilitating the growth of domestic demand.
Warsh, like many Republicans, has harshly criticized the Fed’s attempts to stimulate the US economy in the aftermath of the global financial crisis, warning that the unprecedented expansion of the
monetary
base brought about by quantitative easing would trigger high inflation.
In fact, he is the sixth most widely cited
monetary
economist, owing his renown especially to the Taylor rule, a guideline for setting interest rates in response to observed inflation and growth.
Nonetheless, like Warsh, Taylor has long believed that
monetary
conditions are excessively generous.
One wonders why, if he is so opposed to easy
monetary
policy, he didn’t convey that to Fed governors at a time when the message might have done some good.
But Cohn, who has no background whatsoever in
monetary
economics and whose views are unknown, may already be out of the running.
The complaint of most Republican leaders since Obama took office in 2009 is that
monetary
policy has been too loose.
But, historically, Republicans have pushed easy
monetary
policy when they have had the presidency.
The complaint, however, will not be that
monetary
policy is too easy, but that it is too tight.
Succumbing to the temptation of massive
monetary
and fiscal stimulus, such as that pursued in the wake of the global economic crisis, would not only fail to boost growth in a sustainable way; it would actually undermine growth and stability in the medium to long term.
The good news is that China’s leaders seem intent on adopting a similar approach, including avoidance of
monetary
and fiscal expansion, unless growth seems set to collapse.
And many other factors are constantly at work, not least the US Federal Reserve’s
monetary
policy.
The initiative must come from France and Germany, the
monetary
union’s two largest economies, while also involving other euro countries.
The agreement was also an opportunity for the five countries to reiterate their dissatisfaction with the World Bank, the International
Monetary
Fund, and the role of the dollar in the global
monetary
system.
Reform of the international
monetary
system is also essential.
The EU and China have a growing interest in making the international
monetary
system more balanced, sustainable, secure, and inclusive.
John Maynard Keynes once said that
monetary
policy may work like a string.
Once a country eliminated convertibility into gold, it was free to pursue
monetary
expansion, and deflation tended to end.
All three have lately employed expansionary
monetary
policies; and, as the US Federal Reserve normalizes its policy, emerging economies will be hit again by a sudden withdrawal of global liquidity.
This continued vulnerability reflects a collective failure to reform the global
monetary
system – an imperative that People’s Bank of China (PBOC) Governor Zhou Xiaochuan highlighted in early 2009.
There is much to say for using core inflation in conducting
monetary
policy and explaining decisions to the public, but only when price increases of food and energy – which core inflation strips out – are temporary in nature.
The outcome may not be much different this time around if Western central banks maintain their current
monetary
policies for much longer.
Since New Zealand’s central bank set the first example in 1989,
monetary
authorities around the world have increasingly pursued a policy of setting inflation targets (or target ranges) that are substantially above zero.
As early as 1941, Cuba worked together with other Latin American countries in an unsuccessful attempt to establish a
monetary
role for silver, alongside gold.
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