Example collocations logo

Monetary in sentence

5081 examples of Monetary in a sentence

The European Central Bank did not follow the lead of other advanced-country central banks, such as the US Federal Reserve, in pursuing a more aggressive monetary policy to cut borrowing costs.
As Europe’s north-south divide widens, so will interest-rate differentials; as a result, conducting a single monetary policy will become increasingly difficult.
Of course, such a move would carry considerable political costs in Germany, where many taxpayers recoil at the notion of assuming the debts of the fiscally profligate southern countries, without considering how much Germany would benefit from a stable and dynamic monetary union.
Investors evidently believe that Europe’s leaders will do just enough to hold their monetary union together.
But, with the BOJ joining the US Federal Reserve and the Bank of England in easing monetary policy, there will be upward pressure on the euro.
Thus, in Europe now, as in Japan then, the pieces are in place for a lost decade: weak banks make for weak government finances, which in turn make for weak growth and even weaker banks, with the absence of monetary and fiscal support leaving no escape from this vicious spiral.
Regling also revealed that there is now increased and frequent coordination between monetary authorities in the United States, Germany, and China, drawing attention to the fact that the “old Triad” of the dollar, euro, and yen may now have been replaced by a “new Triad” of the dollar, euro, and Chinese renminbi.
While Regling spoke of an emerging “multipolar monetary system,” his remarks clearly indicated the functioning of a “tripolar” system.
Lying at two ends of that monetary triangle, the eurozone and China have acquired a geopolitical stake in helping each other.
The Fed will decide on monetary policy for the United States based primarily on US conditions.
But this is not the same thing as setting monetary policy based on economic conditions abroad.
Admittedly, this means that the rest of the world has some exposure to US monetary policy.
Indeed, the final argument – in a sense underpinning the others – is that the Fed became less worried about the potential for collateral economic damage from prolonged reliance on unconventional monetary policy.
But, as speculation over the direction of monetary policy continues – indeed, intensifies ahead of the Fed’s next policy meetings – we should not lose sight of an uncomfortable reality: No matter how hard it tries – and it is trying very hard – the Fed is still stuck with tools that are too blunt, and whose effects are too indirect, for the challenging tasks at hand.
In the short term, it is essential to prevent economic overheating: annual real GDP growth exceeded 10% in 2010, owing to expansionary fiscal and monetary policies and favorable terms of trade.
In China’s last protracted bout of deflation, from 1998 to 2002, persistent declines in prices were the result of monetary and fiscal tightening that began in 1993, compounded by the lack of exit mechanisms for failed enterprises.
In an effort to revive growth in a difficult global environment and buffer exports against the impact of the Asian financial crisis, the Chinese government loosened monetary and fiscal policy beginning in November 1997.
But this experience also underscores the impotence of monetary policy in a deflationary environment, owing to the unwillingness of banks to lend and of enterprises to borrow.
They could also seek to eliminate excess capacity by using expansionary monetary and fiscal policies to stimulate effective demand.
Meanwhile, in Japan, the private sector’s patience with Prime Minister Shinzo Abe’s three-pronged strategy to reinvigorate the long-stagnant economy – so-called “Abenomics” – will be tested, particularly with regard to the long-awaited implementation of structural reforms to complement fiscal stimulus and monetary easing.
Instead, financial investors have trusted in the steadfast support of central banks, confident that the monetary authorities will eventually succeed in transforming policy-induced growth into genuine growth.
A More Perfect Monetary UnionWARSAW – The eurozone is often considered an experiment – a monetary union without political unification.
More fundamentally, monetary unions – in a broader sense – have existed not only within single states, but also in groups of sovereign states, the gold standard being the most notable example in history.
The experience of such monetary unions offers two lessons.
Likewise, the European Central Bank’s monetary policy should “lean against the wind” by paying more attention to the development of asset bubbles.
As the ECB’s common monetary policy cannot fit the macroeconomic conditions of all the member countries, the eurozone countries need macro-prudential regulations that aim at reducing excessive credit growth.
In a previous era, an economic adviser might have recommended specific fiscal and monetary policies – a reduction in fiscal expenditures or a ceiling on credit – geared at restoring macroeconomic balances.
Similarly, central bank independence may be a great idea when monetary instability is the binding constraint, but it will backfire where the real challenge is poor competitiveness.
The third argument against putting anti-manipulation provisions in the TPP is that they would imperil America’s ability to implement monetary stimulus.
A well-designed currency chapter in the TPP would not impede US monetary independence.
BackNext