Sentences with phrase «nonmonetary factors»

If Mr. Powell is correct that rates are mostly reflecting nonmonetary factors, then asset prices may be sustainable, but if he is wrong, then there is a strong possibility that as the Fed exits its unconventional polices, there will be a significant market correction.

It also allows the Fed to promote maximum employment, which is determined by nonmonetary factors that fluctuate over time and are therefore subject to change.

Not exact matches

As we demonstrate below, the available evidence from the economic perspective suggests that two factors are critical in explaining the stagnation that persisted until 2000: the growing availability of the GED (General Educational Development) credential and increases in the nonmonetary costs of completing high school.