Sentences with phrase «monetary policy framework»

You also find a country with positive interest rates and a conventional monetary policy framework.

He joined the RBA as a junior economist in 1980 and in the 1990s he held senior policy advising positions in the economics and markets areas, and was closely involved in designing and establishing Australia's highly successful monetary policy framework in the early 1990s.

The speech makes clear that the Bank's monetary policy frameworks centres around a flexible inflation target that aims to deliver an average rate of inflation of between 2 - 3 per cent over time and in a way that best serves the public interest.

This approach means that we have the flexibility to pursue our price stability objective while taking into account developments in balance sheets in a way that can be difficult to do in more rigid monetary policy frameworks.

Jacobsen believes Powell's ascension to Fed chair represents continuity with the existing monetary policy framework, which is why markets haven't reacted dramatically.

We believe Fed members face challenges as they transition to a more traditional and sustainable monetary policy framework.

And we have a clear, consistent and accountable monetary policy framework, admired around the world.

On Thursday, the Bank of Canada's deputy governor Lawrence Schembri said one option to strengthen the central bank's monetary policy framework is more «explicit co-ordination» with Ottawa.

The central bank is also looking at what the gradual decline in interest rates over the past 25 years as well as a reduction in the estimates of the «neutral interest rate» mean for the monetary policy framework.

Finally, monetary policy frameworks should be critically reevaluated to identify potential improvements in the context of a low r - star.

Responsible new leadership at the Fed will have to give serious thought to shifting the monetary policy framework, perhaps by putting more emphasis on nominal gross domestic product growth, focusing on the price level rather than inflation (so periods of low inflation are followed by periods of high inflation) or raising the inflation target.

In particular the speech concludes that the monetary policy framework has helped the Bank to deliver on its mandate through difficult times.

If this loss of trust were to occur, we would have given up the hard - won credibility of the monetary policy frameworks that has been built up over the past couple of decades.

This presentation summarises the monetary policy framework and current economic conditions in Australia.

Increased communication and transparency is beneficial for any monetary policy framework but it has played a particularly prominent role in inflation - targeting regimes.

The main reason for this is that the monetary policy framework in Australia is seen as credible in ensuring that the inflation rate averages between 2 and 3 per cent over time.

It took 20 years and two recessions — both of which were more severe than the one we just had — before we were able to come up with a monetary policy framework that works well.

Despite these attractive features, I don't believe that any prescriptive rule, including the Taylor Rule, can take the place of a monetary policy framework that incorporates the FOMC's collective assessment of the large number of factors that impact the economic outlook.

Stability of the monetary policy framework — and of policy settings themselves — seems to have been a source of confidence for financial markets in Australia, helping them avoid the extreme market instability that characterised many countries over the past couple of years.

The most important of these is the value of our monetary policy framework.

Deputy Governor Lawrence Schembri examines the success of the Bank's monetary policy framework and explains the review being undertaken before its renewal in 2021.

As a result, much of Canada's monetary policy framework is focused on establishing and maintaining the credibility of the Bank of Canada.

Since the early 1990s, inflation targeting has formed the basis of Australia's monetary policy framework.

The principal medium - term objective of monetary policy is to control inflation, so an inflation target is thus the centrepiece of the monetary policy framework.

Canada's monetary policy framework is designed to keep inflation low and stable.

With this in mind, the Bank plans to lead a concerted research program to learn from our experience and the experience of others, and to examine whether and how the monetary policy framework in Canada might be improved.

It was also to strengthen the BoG's monetary policy framework, while taking measures to ensure its full effectiveness and rebuild external buffers.