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Monetary in sentence

5081 examples of Monetary in a sentence

The result was international monetary chaos – precisely the path we are heading down now.
The question now is whether a shift in focus from unconventional monetary policies to Keynesian demand management can save the day.
It is widely assumed that monetary policy is a spent force in the US and Europe, and that fiscal stimulus and expansion – for example, via tax cuts and infrastructure spending – must take over.
But fiscal expansion is likely to meet resistance from monetary policy, as the Fed resumes its “normalization” of interest rates.
In 2010, growth reached an impressive 7.5% clip, as highly expansionary fiscal and monetary policies, implemented in response to the global financial crisis, lifted the economy out of harm’s way.
Through its unconventional monetary easing, the Fed is attempting to create a shortcut around the imperative of household sector balance-sheet repair.
With soaring deficits, a second stimulus appears unlikely, and, with monetary policy at its limits and inflation hawks being barely kept at bay, there is little hope of help from that department, either.
Inflation remains contained, but, more to the point, China’s government has an arsenal of other weapons (from taxes on capital inflows and capital-gains taxes to a variety of monetary instruments) at its disposal.
New Rules for Finance At LastPARIS – The World Monetary and Economic Conference took place in London 76 years ago, in June 1933, with 66 countries meeting to put an end to the unfolding monetary disorder and trade wars while trying to draw the lessons of the Great Depression.
As Sovereign GDP-Linked Bonds points out, inflation-indexed debt is even more vulnerable to government cheating, because the monetary incentive for the government is to underreport inflation, which is in line with keeping up appearances.
The third lesson is that yield-curve inversion in the bond market is not just a sign that the market thinks that monetary policy is too tight; it is a sign that monetary policy really is too tight.
But, at least as I see it, right now the Fed’s process of getting from a realistic view of the economy to an appropriate monetary policy does not seem to be functioning well at all.
The most effective – and thus the most credible – monetary policy is one that reflects not only the lessons of history, but also a willingness to reconsider long-held assumptions.
This would include coordinated monetary and fiscal policies across the G20 countries; renewed efforts to expand world trade; new national agendas addressing inequality and promoting social mobility; and a laser-like focus on science, technology, and innovation as the key to future growth.
As a result, conventional monetary and macro-prudential policies are caught between competing demands for credit, with one track needing to support productive growth and the other attempting to buy time for restructuring.
Unlike others, such as my Harvard colleague Martin Feldstein, who argue that Europe is not a natural monetary area, I believed that monetary union made perfect sense in the context of a broader European project that emphasized – as it still does – political institution-building alongside economic integration.
The European Union has taught us valuable lessons over the last few decades: first, that financial integration requires eliminating volatility among national currencies; next, that eradicating exchange-rate risk requires doing away with national currencies altogether; and now, that monetary union is impossible, among democracies, without political union.
Membership in the same monetary zone as Germany will condemn these countries to years of deflation, high unemployment, and domestic political turmoil.
Neither of these initiatives is a game changer as regards the depth of economic integration within the eurozone, but both promise to open a new debate on the structural underpinnings of monetary union.
But the direction of the policy shift – from monetary to fiscal stimulus – makes sense.
Across the developed economies, the prevailing policy mix for the last six years – fiscal tightening and ultra-easy monetary conditions – has resulted in mediocre income growth but big wealth increases for the already rich.
These inflated asset prices reflect the exceptionally easy monetary policy that has prevailed for almost a decade.
Argentina’s monetary policy is based on inflation targeting and a floating exchange rate.
To save the euro – which is essential, because the European project’s fate depends on the success of monetary union – Europe needs action now: in addition to indispensable austerity measures and structural reforms, there is no way to succeed without a viable economic program that will assure growth.
They command either veto power or a blocking minority in the Bretton Woods institutions (the International Monetary Fund and the World Bank), which gives them a disproportionate influence on the rules and practices that govern the international economic and monetary system.
Meanwhile, a prolonged and excessive reliance on monetary policy, including direct central-bank involvement in market activities, has distorted asset prices and contributed to resource misallocation.
Likewise, preserving today’s good politics also requires that we give urgent attention to four topics: the political and social limits of globalization; the financialization of the real economy; the role of fiscal and monetary policy; and the delinking of rewards from work in an era of accelerating automation.
This represents a huge regulatory “black hole” at the center of the global financial system, hitherto not closely monitored for monetary and financial stability purposes.
They are some of the largest counterparties with the regular banking system, and their combined credit creation and proprietary trading and hedging may account for much of the global liquidity flows that make monetary and financial stability so difficult to ensure.
Obtaining a full picture of global monetary and credit numbers and their determinants is a vital first step.
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