However, in a world where money earns interest, minimising the uncertainty of
macroeconomic policy does not equate to minimising the volatility of inflation.
Not exact matches
«Additional vigilance in terms of
macroeconomic management is needed in order to weather any negative impact of those
policies, and the best way to
do it is to accelerate some of the reforms that need to be introduced,» he added.
Suppose, for example, that
macroeconomic policy choices convinced businesses to expect faster growth in the demand for their goods and services than they currently
do.
Any attempt to
do so (for example, by running a much tighter
policy in order to constrain domestic demand) would be counterproductive and would detract from the Bank's broader
macroeconomic goals.
I
do think that in the long run, one can not intelligently determine
macroeconomic policy without maintaining an awareness of electoral politics.
I
do not see a case for a further rate increase on current facts and remain very concerned that
macroeconomic policy has inadequately internalized all the aspects of large declines in the neutral real rate and secular stagnation risks.
«Learning about micro - and
macroeconomics by actually
doing it can impart a much richer understanding of what monetary
policy looks like and why.»
One bias of mine is that most
macroeconomic policy actions of the government or central bank either don't help, or merely shift the problem to...
I don't use technical analysis, and I don't worry about
macroeconomics or government
policy.