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Monetary in sentence

5081 examples of Monetary in a sentence

Given real economic conditions, European and American monetary policy is not too loose; if anything, it is too restrictive.
The “natural” interest – what would be ground out by the Walrasian system of general equilibrium equations – is actually lower than what current monetary policy is producing.
Yes, the inertial expectations of the economy have combined with monetary policy to distort interest and inflation rates, but not in the direction that Taylor is proposing.
What many analysts still see as a temporary bubble, pumped up by artificial and unsustainable monetary stimulus, is maturing into a structural expansion of economic activity, profits, and employment that probably has many more years to run.
There is thus almost no chance of a quick return to what used to be considered “normal” monetary conditions – for example, of US short-term interest rates rising to their pre-crisis average of inflation plus roughly 2%.
Many investors still believe the post-crisis recovery is doomed, because it was triggered by unsustainable monetary policies.
The fact is that experimental monetary policy has produced positive results.
By demonstrating the success of monetary stimulus, the US has provided a roadmap that other countries have followed, but with long and variable lags.
Japan started full-scale monetary stimulus in 2013, five years after the Fed.
And in many emerging economies, monetary stimulus and economic recovery only began this year.
As a result, business cycles and monetary policy are less synchronized than in any previous global expansion.
While the Fed is raising interest rates, Europe and Japan are planning to keep theirs near zero at least until the end of the decade, which will moderate the negative effects of US monetary tightening on asset markets around the world, while European unemployment and Asian overcapacity will delay the upward pressure on prices normally created by a coordinated global expansion.
In the last few years, the Chinese government has been implementing the combination of expansionary fiscal policy and loose monetary policy that would ordinarily spur consumers, expecting high future inflation, to consume more.
Already, this effect has kept consumer- and producer-price indices from rising, despite monetary easing, while inflating asset-price bubbles.
The eurozone should also pursue a policy – partially via looser monetary policy – that weakens the value of the euro significantly and restores the periphery’s competitiveness.
Either the eurozone moves toward a different equilibrium – greater economic, fiscal, and political integration, with policies that restore growth and competitiveness, including orderly debt restructurings and a weaker euro – or it will end up with disorderly defaults, banking crises, and eventually a break-up of the monetary union.
These developments, along with a more stable framework for monetary and fiscal policy, could lead to the type of double-digit growth that China has enjoyed for the past three decades.
But that earlier effort entailed a major adjustment in interest rates via conventional monetary policy.
As such, monetary policy, rather than market-based fundamentals, increasingly shaped asset prices.
Fourth, QE blurs the distinction between fiscal and monetary policy.
The Fed’s preference for glacial normalization both in the early 2000s and now keeps monetary policy on emergency settings long after the emergency has passed.
He argued that the Fed’s balance-sheet tools are merely extensions of its traditional approach, stressing that “conventional and unconventional monetary policy works through the same channels, with the same mechanism.”
Countries have experimented with allowing politicians to control monetary policy on a day-to-day basis.
While difficult to measure, especially in monetary terms, such factors are among the most critical benefits that higher education brings to societies.
For starters, it should focus on maintaining appropriate monetary conditions and get out of the business of negotiating policy conditionality with governments.
Similarly, the ECB’s outright monetary transactions (OMT) program, announced in the wake of President Mario Draghi’s “do whatever it takes” speech in the summer of 2012, is at best a distraction.
Rules that impede business start-ups may be an even more important obstacle to making monetary expansion effective.
Expansionary monetary policy in such an environment might fail.
A decade ago, Alan Greenspan likened his problems of monetary management to driving a new car, having it suddenly stop, opening the hood, and not understanding a thing about what he saw.
The Fed’s actions have involved what former Fed governor Larry Meyer calls “liquidity tools,” as opposed to interest rate-based monetary policy.
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