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Monetary in sentence

5081 examples of Monetary in a sentence

As the US Federal Reserve inches closer to achieving its targets for the domestic economy, it faces growing pressure to normalize monetary policy.
On the contrary, America’s monetary authority has all but explicitly recognized a new mandate: promoting global financial stability.
Its role has expanded over time, and the Fed, along with many of its developed-country counterparts, has engaged in increasingly unconventional monetary policy – quantitative easing, credit easing, forward guidance, and so on – since the 2008 global financial crisis.
As a result, the Fed is effectively trapped between a US economy that increasingly justifies normalization of monetary policy and the interest of fragile global markets – in which about 60% of the world’s transactions are dollar-denominated – in further dovishness.
After a multi-year bull market in equities and fixed-income securities, stimulated by the very monetary policies the Fed is trying to leave behind, there is no valuation support to dampen the reaction.
In the absence of genuinely robust global growth, which is unlikely in the near term, financial markets are relying on extremely loose monetary policy to prop up prices.
With a lack of traditional rate-cutting firepower, the next downturn could be longer than usual, compelling further reliance on unconventional monetary policy – even beyond the negative nominal interest rates now being pursued in Europe and Japan.
With the Fed deciding in their just-concluded April meeting, yet again, to hold rates, their dilemma is set only to intensify this year: normalize monetary policy in line with domestic fundamentals, or cede to the pressures of global financial markets.
Space at the table for China could be obtained if the eurozone countries, signaling their commitment to the common currency, agreed to surrender their individual seats in exchange for one representing the entire monetary union.
But, again, what is this if not an investment in a more stable global monetary system?
Many emerging markets have become less vulnerable to external financing shocks and the threat of sharp, unanticipated changes in developed-economy monetary policies.
John Maynard Keynes argued that monetary policy was ineffective during the Great Depression.
That is why good monetary policy aims to prevent bubbles from arising.
The best that can be said for monetary policy over the last few years is that it prevented the direst outcomes that could have followed Lehman Brothers’ collapse.
But, despite very aggressive monetary policy by many central banks – successive rounds of “quantitative easing” have doubled, or even tripled, the money supply in most advanced economies – global inflation is actually low and falling further.
How to Avoid a Double-Dip Global RecessionNEW YORK -- There is an ongoing debate among global policymakers about when and how fast to exit from the strong monetary and fiscal stimulus that prevented the Great Recession of 2008-2009 from turning into a new Great Depression.
If they take away the monetary and fiscal stimulus too soon – when private demand remains shaky – there is a risk of falling back into recession and deflation.
First, in countries where early fiscal austerity is necessary to prevent a fiscal crisis, monetary policy should be much easier – via lower policy rates and more quantitative easing – to compensate for the recessionary and deflationary effects of fiscal tightening.
Fourth, countries with current-account surpluses should let their undervalued currencies appreciate, while the ECB should follow an easier monetary policy that accommodates a gradual further weakening of the euro to restore competiveness and growth in the eurozone.
Exchange-rate fluctuations pose a serious short-term challenge for monetary policy, given the potential of the resulting price changes to spur inflation.
The New Monetary DisorderPRINCETON – Currency chaos is back, highlighting demands for a revised international monetary order.
President Richard Nixon hailed the 1971 Smithsonian agreement as “the most significant monetary agreement in the history of the world.”
The second, and better, approach lies in agreements in each country about what the appropriate basis for monetary policy should be.
If those agreements have widespread acceptance and mutual consistency, the result will be a stable international monetary system.
The search for a monetary rule during the latter period had two phases: in the earliest attempt to construct a basis for stable monetary policy, the emphasis was on monetary targeting.
Many Europeans tried to argue in recent years that monetary policy should also take asset-price developments into account, whereas American policymakers and academics largely resisted this approach.
Formulating monetary policy has become a more complex process, but also a more politicized process, which is why it is likely to become more chaotic, with sharp differences between national approaches.
As divergences become explicit, the demand for a wider political debate about monetary policy and for political involvement in its formulation will become more intense.
The Bank of England’s Monetary Policy Committee has often been presented as a pioneer in making monetary policy transparent.
If it is clear who will vote for which measure, there will be increased demand for a public debate about who should be chosen: why not elect the MPC, since it is effectively a monetary government?
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