I do know some of the world’s richest people. In monetary terms, they all performed very well. In terms of a fulfilling life, I am less sure.
The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure.
During the last campaign I knew what was happening. You know, they mocked me for my foreign policy and they laughed at my monetary policy. No more. No more.
When historical relationships are taken into account, it is difficult to ascribe the house price bubble either to monetary policy or to the broader macroeconomic environment.
A lot of joblessness in the black community doesn’t seem to be reachable through fiscal and monetary policies. People have not been drawn into the labor market even during periods of economic recovery.
When there’s downward pressure on growth, one choice is to adjust economic policy, increase deficits, relax monetary policy. That might have a short-term benefit, but may not be beneficial for the future.
What we should all argue for is the use of freedom rather than having a monetary system with regulation domination that is run by a cartel and the special interests – that is the kind of system we have today.
The euro is a vital issue for Germany. There is no other country that derives as much benefit from the common domestic market and the monetary union as Germany.
I will be the first to say that it is always difficult to get monetary policy just right. But the Fed’s analytical prowess is top-notch, and our forecasting record is second to none.
A good monetary policy follows inflationary expectations and not historical numbers.
In stabilizing the macroeconomic environment, we have focused on aligning fiscal with monetary policy and nudging the central bank toward the objective of more market-determined exchange rates.
Monetary policy itself cannot sensibly be directed at reducing imbalances.
When you have to earmark human and monetary resources for such a long time, it starts to hinder your other activities.
The Federal Reserve’s monetary policy objective is to foster maximum employment and price stability. In this regard, a key challenge is to assess just how far the economy now stands from the attainment of its maximum employment goal.
Audit the Fed is a bill that would politicize monetary policy, would bring short-term political pressures to bear on the Fed. In terms of openness about our financial accounts, we are extensively audited.
I loved modeling. I absolutely loved it. I was so happy to get the cover of ‘Vogue’ – 23 times. I keep each copy. I made more money as a model than as an actress or as a filmmaker. In monetary terms, beauty pays more than anything.
I’m constantly questioning the effects technology has had on our lives and the effect that monetary debt has had on all of us. We keep this as a dark little secret: ‘This is how much interest I owe.’
Think of a public library, worth more for those who cannot afford numerous books. Think of a public waterway or fishing ground. All types of commons have imputed monetary value that together comprise a source of social income. As such, the commons reduces economic inequality and insecurity in society.
Government should eschew suasion and directives to banks on interest rates that run counter to monetary policy actions.
The single currency should allow the European Union, and therefore France, to balance its monetary strength with the United States. It should help us adjust to the development of China.
The degree of monetary policy ease should be associated with the level of real interest rates, not nominal interest rates.
The euro is a potent tool used by Germany to engage in permanent monetary dumping.
I don’t like gross monetary inequities. I firmly believe that the wrong people and the wrong professions are being rewarded, and rewarded absurdly, and that the hardest work the obscenely rich do is ensuring that they preserve their privileges, status symbols, and bloated bank accounts.
The Global Financial Crisis and Great Recession posed daunting new challenges for central banks around the world and spurred innovations in the design, implementation, and communication of monetary policy.
I think for us as people, when we can help someone with a blood transfusion, when we can help somebody with a monetary donation that can go towards research, to know that you can possibly save a life, it’s huge.
Conservatives believe that international institutions such as the United Nations are anti-American and anti-Israeli cabals. Progressives do not like the economic medicine that the International Monetary Fund (IMF) and World Bank force down the throats of developing countries.
The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.
I think that sharing information about our economies, the way that the central banks do in Basel and other forums, is quite useful. But it’s sharing information. It’s not coordinating policy. It’s not coordinating a single monetary policy.
Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Monetary success is not success. Career success is not success. Life, someone that loves you, giving to others, doing something that makes you feel complete and full. That is success. And it isn’t dependent on anyone else.
I don’t think that the ECB should compensate for the lack of reforms in some countries… But it is clear that monetary policy can help countries and continents to rebound faster.
Remember that disadvantage is less about income than environment. The best metrics of child poverty aren’t monetary, but rather how often a child is read to or hugged.
Monetary policy is a blunt tool which certainly affects the distribution of income and wealth, although whether the net effect is to increase or reduce inequality is not clear.
Earth is abundant with plentiful resources. Our practice of rationing resources through monetary control is no longer relevant and is counter-productive to our survival.
Endorsing unconventional monetary policies unquestioningly is tantamount to saying that it is acceptable to distort asset prices if there are other domestic constraints on growth.
Monetary conditions exert an enormous influence on stock prices. Indeed, the monetary climate – primarily the trend in interest rates and Federal Reserve policy – is the dominant factor in determining the stock market’s major direction.
Any debate among politicians about monetary policy is counterproductive.
I feel, at the national level, shooters should get monetary rewards also, along with medals and a handshake.
The Jacksonians were not monetary nationalists; specie was specie, and they saw no reason that foreign gold or silver coins should not circulate with the same full privileges as American-minted coins.
If our system continues without modification involving environmental and social concern, we will face an economic and social breakdown of our outdated monetary and political system.
My father, one of the great entrepreneurs and philanthropists of this state, taught me that capital – monetary or political – is to be used to benefit others. I intend to continue that tradition.
As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.
Funnily enough, the Federal Reserve produced comics about monetary policy, and there is a good comic book guide to microeconomics and macroeconomics out there. But it is not really appropriate for younger readers; it is really aimed at economics students.
Though monetary compensation may never add up, teachers can rest assured that they are important.
Russia and China, when they were communist-like adversaries, they didn’t participate. They’re participating now in the world with us. They’re trading monetary instruments. We’re buying and selling goods back and forth, trading oil and so forth.
Monetary policy is not a panacea.
The main long-run contribution monetary policy can make is to provide a stable macroeconomic and financial environment.
The ‘boom-bust’ cycle is generated by monetary intervention in the market, specifically bank credit expansion to business.
Beyond monetary policy, fiscal policy has traditionally played an important role in dealing with severe economic downturns.
Emerging market and developing economies have benefited from monetary easing in major economies but have also faced volatile risk sentiment tied to trade tensions.
It is obvious that the monetary union among 17 very different European countries does not work. As an economist, I know that the Eurozone is not an optimum currency area, as defined in economic theory.
These are the multinationals, like General Motors and Nestle; these are the big industrial groups that weigh, on the monetary scale, much more than big countries like Egypt.
