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Monetary in sentence

5081 examples of Monetary in a sentence

Soon after the crisis erupted, the G-20 countries embraced massive stimulus packages, unconventional monetary policies in the advanced economies, and major institutional efforts, such as the Dodd-Frank financial-reform legislation in the United States and the Basel III initiative to strengthen banking standards.
Japan, which has one of the world’s highest debt/GDP ratios, currently well over 200%, is engaging in a risky experiment with further monetary stimulus to try to target 2% annual inflation.
In many advanced economies, both monetary and fiscal policies have reached the limits of their effectiveness.
Countries who try to keep their economies growing too fast for too long, using drastic steps such as large tax cuts or highly expansionary monetary policies, frequently end up in a financial mess that takes years to clean up.
And, while the law mandates the Fed to ensure sustainable growth as well as low inflation, monetary officials recognize that sustainable growth requires price stability.
A growing number of commentators – and no longer only in the Anglo-Saxon world – question the monetary union’s viability.
As it becomes increasingly difficult to pursue coherent fiscal and monetary policies, the risk of the eurozone’s complete dissolution would grow.
Indeed, Italy’s average annual GDP growth rate since joining Europe’s economic and monetary union in 1999 has been an anemic 0.5%, well below the eurozone average of nearly 1.5%.
At least some monetary policymakers believe that recent reductions in the US unemployment rate, which have largely resulted from falling labor-force participation, are just as valid a reason for shifting to more austere policies as reductions in unemployment that reflect increases in employment.
(Japanese Prime Minister Shinzo Abe’s bold economic-reform package, for example, is couched in terms of “three arrows” – namely, monetary and fiscal policy, and structural reform.)
But in most economic areas – taxes, trade policy, financial stability, fiscal and monetary management – what makes sense from a global perspective also makes sense from a domestic perspective.
And already-fragile emerging markets will continue to feel the pinch from protectionism and tightening monetary conditions in the US.
The still-unresolved “doom loop” between governments and banks holding public debt will amplify the existential problems of an incomplete monetary union with inadequate risk-sharing.
The possibility for more unconventional monetary policies will be limited by bloated balance sheets and the lack of headroom to cut policy rates.
Inflation, the Fed, and the Big PictureCAMBRIDGE – Inflation – its causes and its connection to monetary policy and financial crises – was the theme of this year’s international conference of central bankers and academics in Jackson Hole, Wyoming.
The aim is to improve the overall standard of living – achieving moderately strong growth, raising the share of consumption in GDP, and improving air and water quality – through a combination of Western-style monetary and fiscal policies, state-financed infrastructure development, and changes in environmental and other regulations.
But monetary policy had little to do with it.
Since the start of the crisis, the Bank of England has pumped $325 billion into the British economy, the Fed has expanded the US monetary base by close to $1 trillion, and the People’s Bank of China originated a record amount of $1.4 trillion in loans.
That is why official data points to extremely low inflation rates over the next few years, despite the monetary and fiscal stimulus.
The low interest rate helped by making the dollar more competitive, but otherwise monetary policy appears to have lost traction because of the condition of the housing sector and the dysfunctional state of the credit markets.
So that is where the US is now: in the middle of a financial crisis, with the economy sliding into recession, monetary policy already at maximum easing, and fiscal transfers impotent.
According to a knowledgeable ECB source, however, Europe’s finance ministers regularly meet in secret with the ECB leadership for a mutual and frank exchange of views on monetary policy and other issues.
The ECB has done all it can for growth by giving Europe a prolonged period of monetary stability at record low interest rates.
But individual commissioners are far less important than the trends that have caused the Commission to shift its priorities from enlargement and the internal market toward energy and monetary union.
Juncker’s changes, however, may portend genuine progress on this front, as well as toward monetary and energy union.
While both the US Federal Reserve and the German Bundesbank had long been independent, most other European countries followed suit only in the run-up to establishing a monetary union.
For the last 20 years, central-bank independence has marked a kind of “end of history” for monetary policy, after many other regimes were tried and failed.
While May has denied any split between her government and BoE Governor Mark Carney, it is clear that monetary policy has become a subject of political debate for the first time in 20 years.
Careless talk about monetary policy can unsettle markets, and politicians need to be careful what they wish for.
Just because they are debating the social implications of monetary policy does not necessarily mean that they are questioning the legitimacy of those who set the dials.
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