Not exact matches
Mired in a world of low growth, low inflation and low interest rates, officials
from the Federal Reserve, Bank of Japan and the European Central Bank said their efforts to bolster the economy through
monetary policy may falter unless elected leaders stepped forward with bold
measures.
The Bank of Canada is applying lessons
from the global financial crisis as it updates its framework for the use of unconventional
monetary policy measures, Governor Stephen S. Poloz said.
The debt problem called for new «
monetary policy measures — we call them «non standard» decisions, strictly separated
from the «standard» decisions, and aimed at restoring a better transmission of our
monetary policy in these abnormal market conditions.»
Although markets generally seem to have been underwhelmed by the latest
monetary policy announcements
from the European Central Bank (ECB), I believe the
measures unveiled by its president, Mario Draghi, are exactly what the eurozone economy needs, and are exactly what the market should have expected.
During the normal and healthy conduct of
monetary policy, the
measured rate of inflation often deviates
from official targets within a range of a percentage point or two because of the challenges of defining,
measuring, and hitting a precise inflation target over a short - term period.
Prof. Siegel provides financial data
from 1802 through 2007 including: the relative performance of asset classes, relative risk of each asset class & style, IPO performance, bubble economies & aftermath, fundamental
measures as predictors of future returns,
monetary policy, business cycles, technical analysis, calendar anomalies, etc., etc., etc..
He does not deviate
from the road indicated by Pringle: he keeps the distinction of
monetary and
policy measures short without engaging in the debate on the historic flaws of the Economic and
Monetary Union.