Monetary
in sentence
5081 examples of Monetary in a sentence
If weak demand and high debt were the only factors in play, the latest round of
monetary
stimulus would be analytically straightforward.
The "divergence" of economic performance and
monetary
policy among three of the world's most systemically important economies – the eurozone, Japan, and the United States – has added another layer of confusion for the rest of the world, with particularly significant implications for small, open economies.
But, because the European Union did not want Greece to exit the eurozone (which would have been a major setback for Europe as a political project), Greece would be offered enough aid, support, debt forgiveness, and assistance with payments to offset any advantages it might gain by exiting the
monetary
union.
The new business cycle also embeds a
monetary
policy that replaces concern with real wages with a focus on asset prices.
Whereas pre-1980
monetary
policy tacitly aimed at putting a floor under labor markets to preserve employment and wages, it now tacitly puts a floor under asset prices.
The essential role of asset inflation has been especially visible as a result of the housing bubble, which also highlights the role of
monetary
policy.
Chile boasts orthodox fiscal and
monetary
management, a very open economy, and a dynamic private sector.
Moreover, the basic tenets of Islamic finance force us to re-think the ethical basis of modern
monetary
arrangements, which have evolved into a global reserve-currency system founded on fiat money.
In the past, gold had been the anchor of
monetary
stability and financial discipline, even if it was deflationary.
To accommodate this approach, the People’s Bank of China should adjust
monetary
policy to lower government-bond yields.
Specifically, it should shift the intermediate target of
monetary
policy from expanding the money supply to lowering the benchmark interest rate.
Expansionary fiscal policy and accommodative
monetary
policy also have an important role to play in placing China on a more stable and sustainable growth path.
The previous meeting, in late October, had already set the stage for the normalization of
monetary
policy, with the announcement that the ECB would halve its monthly asset purchases, from €60 billion ($71 billion) to €30 billion, beginning in January 2018.
As part of a larger focus on exchange-rate and
monetary
policies worldwide, my recent study with Ethan Ilzetzky and Kenneth Rogoff presents estimates of individual Taylor rules for the eurozone countries from 1992 to 2015.
It seems clear that the extraordinary run-up in equity prices was fueled by a surge in margin financing of stock purchases, which was legalized in 2010-2011 and encouraged by the PBOC’s
monetary
easing since last November.
Sooner or later, however, developed economies will revert to tighter
monetary
policy, which will make developing-country bonds less attractive.
Unless its
monetary
policy really changes, both America and Japan could fall into recession simultaneously, with risks for all the world.
The direct explanation is that the Bank of Japan kept
monetary
policy tight, so that the currency did not weaken alongside the economy.
Was it
monetary
policy error or something else?
It’s time for an expansionary
monetary
policy in Japan (and in other parts of Asia), even if the Yen weakens, as is likely (especially against the Euro, but also against the dollar).
One reason for this is that long-term interest rates are affected not just by the actual bond purchases, but also by financial markets’ expectations about future
monetary
policy.
And, while the Federal Open Market Committee (FOMC), which sets US
monetary
policy, comprises not only the seven governors in Washington, but also five regional Federal Reserve presidents, the governors have the final say in choosing which five.
But that is likely to change, with slow growth making the governors’ influence on regional presidents more likely to affect
monetary
policy.
Given this, the Fed will be the site of rising tension, as regional presidents counter the governors’ preference for
monetary
stimulus by pushing for policy tightening.
The New Abnormal in
Monetary
PolicyNEW YORK – Financial markets are starting to get rattled by the winding down of unconventional
monetary
policies in many advanced economies.
Soon enough, the Bank of Japan (BOJ) and the Swiss National Bank (SNB) will be the only central banks still maintaining unconventional
monetary
policies for the long term.
Still, all of these central banks will have to reintroduce unconventional
monetary
policies if another recession or financial crisis occurs.
Consider the Fed, which is in a stronger position than any other central bank to depart from unconventional
monetary
policies.
When that still did not boost the economy, the Fed began to pursue unconventional
monetary
policies, by launching QE for the first time.
To reach a target of 4% inflation, they might have to implement even more unconventional
monetary
policies over an even longer period of time.
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