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Monetary in sentence

5081 examples of Monetary in a sentence

In our deeply interconnected globalized economy, one country’s policies – such as trade barriers, interest rates, or monetary expansion – can have far-reaching spillover effects.
To tackle the economic crisis, Obama launched a fiscal stimulus and rescue programs for the financial system and the auto industry – policies that complemented and reinforced the US Federal Reserve’s aggressive and innovative monetary easing.
The Return of Fiscal PolicyNEW YORK – Since the global financial crisis of 2008, monetary policy has borne much of the burden of sustaining aggregate demand, boosting growth, and preventing deflation in developed economies.
As the only game in town when it came to economic stimulus, central banks were driven to adopt increasingly unconventional monetary policies.
Most recently, some monetary authorities – including the European Central Bank, the Bank of Japan, and several other European central banks – have taken interest rates negative.
If below-trend growth continues, monetary policy may well lack the tools to address it, particularly if tail risks – economic, financial, political, or geopolitical – also undermine recovery.
If banks are driven, for any reason, to reduce lending to the private sector, monetary policy may become less effective, ineffective, or even counter-productive.
The Greek conflict shows that Europe's monetary union is not working because one country's democratically legitimized sovereignty has run up against other countries' democratically legitimized sovereignty.
Nation-states and a monetary union do not sit well together.
We have it in our power to eliminate the financial system’s rapidly growing debt and to create a new monetary order that corresponds to free-enterprise principles and the rule of law, without risking a breakdown of the entire payment system.
Too much will crack along the way – the banks, the monetary system, social cohesion, the legitimacy of the political regime.
Everything else that has been proposed to save the eurozone in its current form – a central treasury, a monetary authority that does more than target inflation, fiscal harmonization, a new treaty – is a political pipe dream.
Yet, thus far, monetary authorities have shouldered much of the burden of the crisis response.
Inflation would help, but even the most expansionary monetary measures have been struggling to raise inflation to targets, Japan being a case in point.
And, in fact, it wasn’t: monetary policy was explicitly intended to buy time for households, the financial sector, and sovereigns to repair their balance sheets and for growth-enhancing policies to kick in.
Politicians simply prefer to keep the burden on monetary policy and avoid pursuing difficult or unpopular policies – including structural reforms, debt restructuring, and the recapitalization of banks – aimed at boosting market access and flexibility, even if it means undermining medium-term growth.
But exit they must, because expansionary monetary policies have reached the point at which they may be doing more harm than good.
The other is capital-flow volatility, which has driven policymakers in some countries to pursue their own monetary easing or to impose capital controls, in order to prevent damage to growth in the tradable sector.
More generally, fiscal authorities need to do a much better job of cooperating with their monetary counterparts, domestically and internationally.
That may sound strange coming from someone who has long been critical of the world’s monetary authorities.
Central banks’ unconventional monetary policies – namely, zero interest rates and massive asset purchases – were put in place in the depths of the 2008-2009 financial crisis.
Fully ten years after the onset of the Great Financial Crisis, it seems more than appropriate to move the levers of monetary policy off their emergency settings.
A world in recovery – no matter how anemic that recovery may be – does not require a crisis-like approach to monetary policy.
In order to rebuild the policy arsenal for the inevitable next crisis or recession, a prompt and methodical restoration of monetary policy to pre-crisis settings is far preferable.
Never mind the subprime crisis of August 2007 or, closer to home, the European monetary crisis of August 1992: the August holiday is a venerable tradition.
A year ago, it vowed to stop accepting BBB- rated government securities as collateral for its monetary operations.
Taming Politicians on Both Sides of the AtlanticDespite occasional grumbles from politicians, no one seriously doubts the European Central Bank's independence, or that monetary policy within the euro zone is therefore well insulated from political pressures.
Yet monetary policy is not a unique species of economic policymaking.
Indeed, as a matter of principle, it is not clear why monetary policy and fiscal policy should be treated so differently, with one completely delegated to a bureaucratic agency and the other completely discretionary and in the hand of politicians.
Of course, monetary policy also has redistributive effects.
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