The RBA has used larger macroeconomic models in the past, but generally found their performance to be unsatisfactory from
a monetary policy perspective.
«Despite this progress on the real side of the economy, from
a monetary policy perspective our task is not complete, as we have not yet seen a sustained adjustment in the path of inflation,» Draghi told the audience.
Not exact matches
Julia Coronado, a former Fed economist and founder of MacroPolicy
Perspectives, says Powell's greater familiarity with banking and finance than
monetary policy makes him more likely to follow the consensus, often driven by staff forecasts, on interest rate
policy.
From one
perspective, the unconventional nature of recent U.S.
monetary policy adds little that is fundamentally new to the challenges now facing EMEs.
But, from another
perspective, we have less experience operating with unconventional
monetary policy and this creates more potential uncertainties.
With the effectiveness of existing
monetary policy styles therefore being increasingly questioned, the November 2016 issue of
Perspectives looks at three of the most plausible alternatives.
I want to talk about some of the issues involved here from the
perspective of a central banker — whose primary focus is, of course,
monetary policy.
From the
perspective of secular stagnation theory, much of what people worry about in
monetary policy is endogenous rather than exogenous — such as zero rates, conditions that give rise to negative long - term rates, decisions to expand balance sheets.
But from the
perspective of
monetary policy transmission, the higher level of private sector leverage also does imply a stronger impact from interest rate changes.
Franklin Templeton Fixed Income Group talks
monetary policy, European politics in the April Global Economic
Perspective.
Such a rule would help depoliticize
monetary policy and incentivize the Fed to take a long - run
perspective, thereby reducing uncertainty.
From a long - run
perspective, the Fed can not permanently increase wealth by
monetary policy.
About Blog Economics, public
policy,
monetary policy, financial regulation, with a New Zealand
perspective.
Poloz also talked about how expectations with regard to
monetary policy have caused the Loonie to decouple from oil, but he added that from a longer - term
perspective, it's the relationship between oil and the Loonie that usually holds sway.
With Greenspan, since
monetary policy works with a lag, we have a better
perspective today on what the true effects of his tenure were.