Sentences with phrase «monetary policy regime»

I have talked about this at length elsewhere, and I am sure that informed people are well acquainted with the current monetary policy regime in Australia, which is based on an inflation target, an independent central bank and a floating exchange rate.

The first set of costs stems from the risk that the current monetary policy regime could distort asset allocations and lead to renewed financial asset bubbles.

Jean Boivin, head of economic and markets research for the BlackRock Investment Institute, explains the limits of the current monetary policy regime and why a new approach is needed.

Having a numerical goal takes account of the importance of inflation expectations, and seeks to provide an anchoring point for them — which is a critical function of any monetary policy regime.

The broad pattern of exchange rate and monetary policy regimes in emerging market economies has shifted dramatically over the past decade.

Not exact matches

Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the shale oil and gas revolution continues to power investment, job creation and revenue growth.

Since Carney is the living embodiment of prudent Canadian monetary, fiscal and regulatory policy, his very presence should help restore confidence in a bruised and scandal - plagued U.K. regime.

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

From the inception of the inflation - targeting regime, the press releases have made explicit reference to the inflation target as the primary justification for the monetary policy decision.

While inflation - targeting regimes share a number of similarities, most importantly the focus on an inflation rate as the objective of monetary policy, there are a number of differences in terms of their practical implementation.

The background report from the Bank of Canada is pretty self - congratulatory, though it does somewhat revise the current regime to underline the point that monetary policy also -LSB-...]

Researchers interested in exploring the relationship between macroeconomic performance and the quality of monetary institutions should consider augmenting the Fraser and Heritage data with additional institutional indicators, such as measures of central bank independence, the use of monetary policy rules, freedom to use competing forms of money, and exchange rate regimes.

A rule - based monetary regime could then be instituted to guide monetary policy.

The strategies for achieving these broad macroeconomic objectives include the following: • Promoting inclusive growth without compromising fiscal consolidation; • Anchoring fiscal policy on reducing the fiscal deficit to low and sustainable levels, sufficient to reduce the overall public debt burden; • Strengthening the inflation targeting regime and pursuing complementary monetary policy to promote monetary discipline; and • Pursuing complementary external sector policies to ensure exchange rate stability and favourable current account balance.

Critics will accuse the PM of being in the pockets of big business, but the principles are clear: tight fiscal policy, loose monetary policy, and open door to inward investment, thanks to a competitive tax regime and world - class schooling for future generations.

Of course under an NGDP level targeting monetary regime, income grows steadily, meaning that cutting spending (say to reduce debt) is offset by monetary policy.

President Muhammadu Buhari, having taken over monetary policy from the CBN and being personally responsible for two of the key policies which appear to be choking the economy into recession - the refusal to deregulate downstream petroleum until it had virtually grounded the economy and the obstinacy over an unsustainable foreign currency regime, bears ultimate responsibility for the worsening economy.

However, the election of Donald Trump combined with the likelihood of a December rate increase may signal an end to the current prolonged regime where markets are driven almost exclusively by monetary policy.