Monetary
in sentence
5081 examples of Monetary in a sentence
Although its pledge last August to purchase unlimited quantities of short-term government debt has calmed markets, activation of the ECB’s “outright
monetary
transactions” program is conditional on continued fiscal retrenchment.
The Bundesbank worries about the consequences of the international use of the D-Mark for its
monetary
policy and for the exchange rate.
The flip side of this coin was that they became hostages to Bundesbank's
monetary
policies.
This will not eliminate the orientation of
monetary
and exchange rate policies in these countries towards the EMU.
In other words: The future European central bank will have to keep a watchful eye on economic and
monetary
developments in Eastern Europe.
Was she prescient about the problems of European
monetary
union, or did she leave Britain isolated on the fringes of the continent?
In her last speech in Parliament as Prime Minister, she attacked the ECB as an institution “accountable to no one,” and drew attention to the political implications of centralizing
monetary
policy, accurately forecasting the dangers of a “democratic deficit,” which now worries many in Europe, and not just in Cyprus or Portugal.
Advocates of
monetary
stimulation sometimes argue that it is preferable because it is more neutral in its distributional effects, and that its benefits are spread more widely.
But
monetary
stimulus is often in reality just as selective as bailouts.
By enabling
monetary
expansion, and thus causing the US dollar to depreciate, the logic goes, a floating exchange rate allows the prices of US exports to decline relative to its imports.
China’s
monetary
stock is relatively abundant.
Moreover, China continues to attract huge amounts of cross-border capital, as advanced countries like the US pursue expansionary
monetary
policies.
That means abandoning the investment-driven growth model, promoting deep
monetary
and financial reform, boosting investment efficiency and resource allocation, and improving the government’s functioning.
In 2013, decades of (gently) falling prices prompted the Bank of Japan to embark on an unprecedented
monetary
offensive.
This may fall short of the European Central Bank’s target of “below but close to 2%,” but not by a margin substantial enough to justify the ECB’s increasingly aggressive use of
monetary
instruments to stimulate the economy.
Since Krugman and I began debating fiscal and
monetary
policy back in 2009, I have become increasingly alarmed by the way he abuses his power.
Having failed to predict the US crisis, he then incorrectly predicted the imminent disintegration of Europe’s
monetary
union, publishing more than 20 statements on that subject in 2011 and 2012.
And that leverage – much of it the result of
monetary
expansion in most of the world’s advanced economies – is not even serving the goal of boosting long-term aggregate demand.
After all, accommodative
monetary
policies can, at best, merely buy time for more durable sources of demand to emerge.
Given such large demand shortfalls and output gaps, it should surprise no one that even exceptionally generous
monetary
conditions have proved insufficient to bolster inflation.
Complementary reforms are needed to maintain and improve the transmission channels of
monetary
policy and avoid adverse side effects.
If there is a sharp spike in interest rates – caused either by capital flight in anticipation of a dollar decline or by tight
monetary
policy in reaction to a dollar decline comes to pass – we will see how good the Federal Reserve really is.
The government (the visible hand) sets the benchmark price for risk-free financial assets through
monetary
policy and control over fiscal deficits, while the market (the invisible hand) sets the risk premia of risky assets above the benchmark rate.
Preventing this from occurring in emerging economies requires that these countries’ leaders balance monetary, fiscal, and macro-prudential policies in a way that enables correct pricing of risk-free assets.
One reason is that banks that received money in the initial rescues do not seem to have increased their lending, without which
monetary
and fiscal stimulus are unlikely to be effective.
And for the EU, depressed under a cloud of Euro-scepticism, 1997 could mean the breakthrough to a confident and enterprising Union by providing its most ambitious project to date --
monetary
union and a common currency.
Finally, 1997 will determine which EU countries qualify for
monetary
union.
Fiscal and economic performance during the year will provide the basis for that decision, to be taken in early 1998, with
monetary
union beginning January 1, 1999.
And the central strategic project, European
monetary
union, remains in doubt.
Which countries will qualify remains to be seen but it is clear that without Germany and France there will be no
monetary
union.
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