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Monetary in sentence

5081 examples of Monetary in a sentence

Conventional monetary policy operates by altering short-term interest rates, which includes the central bank buying and selling short-term government debt.
Similarly, the quantitative easing (QE) that has defined many major central banks’ monetary policy in recent years does not involve buying or selling foreign assets.
As members of a monetary union, they enjoy a relatively high degree of exchange-rate stability – far too much stability, in fact.
One suspects that he would have urged European policymakers to dispense with their silly fixation on a financial transactions tax and instead repair their broken banking systems and use all monetary and fiscal means at their disposal to jump-start economic growth.
While some pharmacologists dedicate their lives to searching for the cure for cancer, regardless of any monetary incentives, many are driven by the hope of securing a lucrative patent.
But there remain profound monetary ties between big banks and people who purport to be independent analysts providing expert opinions.
This triggered a global movement, in which country after country adopted legislation to increase the independence of its monetary authority.
Indeed, since the onset of the ongoing financial and sovereign-debt crisis, advanced-country governments and central banks have allowed fiscal policy to prevail over monetary policy.
Although British inflation has been higher than 4% in recent years, even rising above 5%, the Bank of England has continued to loosen monetary policy.
All three countries are violating the most important central-banking commandment: Thou shalt not engage in monetary financing of government spending.
For example, Article 4 of the Law on the Bank of Japan states that the bank “shall…always maintain close contact with the government and exchange views sufficiently, so that its currency and monetary control and the basic stance of the government’s economic policy shall be mutually compatible.”
Similarly, Article 19 of the Law on the Bank of England permits the Treasury to direct the Bank’s monetary policy, if it is “satisfied that the directions are required in the public interest and by extreme economic circumstances.”
Moreover, given that the ECB, the Bank of England, and the Fed are venturing into capital markets – via quantitative easing (QE) in the US and the UK, and the ECB’s “outright monetary transactions” (OMT) program in the eurozone – long-term real interest rates are also negative (the real 30-year interest rate in the US is positive, but barely).
Direct or indirect monetary financing of budget deficits used to rank among the gravest sins that a central bank could commit.
The third key factor for assessing the risk of growing debt is monetary policy and interest rates.
Sovereigns with high and/or rising debt levels may find them sustainable now, given aggressively accommodative monetary policy.
With benchmark interest rates stuck at the dreaded zero bound, monetary policy has been transformed from an agent of price stability into an engine of financial instability.
After the Federal Open Market Committee decided in September to defer yet again the start of its long-awaited normalization of monetary policy, its inflation doves are openly campaigning for another delay.
Because monetary policy operates with lags, central banks must avoid fixating on the here and now, and instead use imperfect forecasts to anticipate the future effects of their decisions.
This prideful interpretation amounted to the siren song of an extremely accommodative monetary policy.
In the United States, the Federal Reserve hinted at “tapering” its quantitative-easing policy later in the year, and a kind of global carry trade based on monetary conditions in advanced countries started to unwind as a result, causing credit tightening and market turbulence in emerging economies.
For starters, China’s new leadership has moved away from outsize fiscal and monetary stimulus and accepted an economic slowdown, betting on structural change, systemic reform, and sustainable longer-term growth.
The European Central Bank’s “outright monetary transactions” program – though conditional, limited to short-term government debt, and so far unused – appears to have stabilized eurozone sovereign-debt markets, albeit in a low- or zero-growth environment.
The Fed will clarify the direction of US monetary policy.
The confusion about which factors – besides price stability and maximum feasible employment – the Fed takes into consideration in setting monetary policy aggravates the problem.
A few years ago, Alan Blinder, then Vice Chairman of America's Federal Reserve Board, was excoriated for stating the obvious: that monetary policy should target not only inflation, but also unemployment, and that, at least in the short run, there may be a trade-off between the two.
On the contrary, she supports an independent ECB and has let Germany’s trade unions and companies know that they will have to live with a strong currency and an anti-inflationary monetary policy.
I don’t think monetary policy, even unorthodox monetary policy, can do the job.
That is why the austerians are so against it, and why even those who accept the theoretical case for a stimulus insist on implementing it through monetary policy alone.
Under Chancellor Helmut Kohl, it gave up its beloved Deutsche Mark for the sake of deepening European integration, but also to sooth French fears that Germany was poised to establish monetary hegemony over the continent.
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