Monetary
in sentence
5081 examples of Monetary in a sentence
Markets will give Trump the benefit of the doubt, for now; but investors are now watching whom he appoints to his administration, what shape his fiscal policies actually take, and what course he charts for
monetary
policy.
They may be watching
monetary
policy most closely.
This transformation cannot be reversed: each FOMC member holds strong views about which direction
monetary
policy should take, and each is willing to dissent when needed.
Looser fiscal policy and tighter
monetary
policy should, as in former President Ronald Reagan’s first term, strengthen the dollar; but if Trump pushes the US toward protectionism, he will generate economic and geopolitical tail risks that would weaken the dollar and increase US country risk.
The net impact of all these factors on the dollar will all depend on how loose fiscal policy becomes, and on how tight
monetary
policy becomes.
Looser fiscal policy would help short-term economic growth; but tighter
monetary
policy would undercut those gains.
But investors will be on the lookout for protectionism, Wall Street- and immigrant-bashing, and overly aggressive
monetary
hawkishness.
But there’s a hitch: the easy
monetary
policies that have largely enabled economies to return to growth are reaching their limits, and now threaten to disrupt the recovery by creating the conditions for another financial crisis.
In recent years, the world’s major central banks have pursued unprecedentedly easy
monetary
policies, including what a recent Deutsche Bank report calls “multi-century all-time lows in interest rates.”
Far from boosting consumption, as intended,
monetary
stimulus may create an environment that dampens demand, weakening prospects for economic growth.
Moreover, the G20 has lately lost steam in supporting closer coordination of
monetary
and fiscal policies among the world’s major advanced and emerging economies.
To gain the needed motivation,
monetary
policymakers should recall the “traveler’s dilemma,” a game theory parable that highlights the pitfalls of individual rationality.
The pottery has no actual
monetary
value, but if they each write $100, all can receive $100 in compensation.
There is a consensus, for instance, on sound fiscal and
monetary
policies: no one wants to return to the hyperinflation of earlier decades.
Brazil's
monetary
policy has been managed extraordinarily well by Arminio Fraga (my former student), but behind him is a strong institution , with the analytic capacities of a first world Central Bank.
Currency War and PeaceWASHINGTON, DC – Much of the hype surrounding last month’s meeting in Moscow of G-20 finance ministers and central bankers was dedicated to so-called “currency wars,” which some developing-country officials have accused advanced countries of waging by pursuing unconventional
monetary
policies.
But another crucial issue – that of long-term investment financing – was largely neglected, even though the endgame for unconventional
monetary
policy will require the revitalization or creation of new long-term assets and liabilities in the global economy.
While fears of meltdown have dissipated, these policies have been maintained or extended, with policymakers citing the fragility of the ongoing economic recovery and the absence of other, equally strong policy levers – such as fiscal policy or structural reforms – that could replace
monetary
policy quickly enough.
But several years of ultra-loose
monetary
policy in the advanced countries has led to significant liquidity spillover abroad, putting excessive upward pressure on higher-yielding developing countries’ currencies.
Moreover, only a small portion of the liquidity created by unconventional
monetary
policy has been channeled toward households and the small and medium-size enterprises that generate most new jobs.
Anxiety over unconventional
monetary
policies and “currency wars” must not continue to dominate global policy discussions, especially given last month’s pledge by G-20 leaders not to engage in competitive currency devaluations.
In both cases, the central bank looked as if it was doing something other than traditional
monetary
policy.
It absorbed much of the political inheritance of Germany’s Bundesbank, whose establishment after World War II reflected Allied insistence on breaking with German central banking’s past traditions, in which political subservience and close ties to the financial establishment undermined
monetary
stability, leading to inflation and the destruction of the currency.
There are obvious risks: non-conventional
monetary
policy might be considered a sort of fiscal policy, in which the central bank is allocating or redistributing resources to a particular constituency: the housing market in the case of the US, or recipients of government largesse in the European case.
To a
monetary
economist, for example, the party’s proposal to restore some kind of metallic
monetary
standard is so outlandish as to be an almost irresistible target.
So the
monetary
authorities, they argue, must be in the pockets of powerful bankers.
While
monetary
policy conducted by independent bureaucrats is imperfect, handing over effective control to congressmen with one eye on the next election would be infinitely worse.
With some members inside of the eurozone, and others remaining outside of it, and with disparate economic interests and
monetary
and fiscal traditions even within the eurozone, agreement is difficult.
Of course, a fragmented banking system complicates a single
monetary
policy.
What grabbed headlines was that the IMF now believes that countries could even use capital controls, renamed “capital flow management measures,” if implemented alongside
monetary
and fiscal measures, accumulation of foreign-exchange reserves, and macroprudential financial regulations.
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