Sentences with phrase «of his stimulus policies»

Not exact matches

Poloz made clear at his last policy announcement in January that he wanted to assess the makeup of Trudeau's deficit - spending program before deciding whether more monetary stimulus is needed.

On Dec. 7, the Bank of Canada endorsed negative interest rates as a viable emergency stimulus measure, a significant shift that demonstrates the extent to which monetary policy has evolved since the Great Recession.

«These costs need to be set against concerns that prolonged monetary policy stimulus may result in an excessive buildup of private sector vulnerabilities,» Lane said.

The policy may even provide a degree of stimulus, which would come as a surprise to those who assumed negative rates simply would cause a run on cash.

Federico Sturzenegger, the chairman of the Central Bank of Argentina, told CNBC that both the fiscal stimulus and the protectionist policy that the president - elect wants to put forward are a «challenge» for Argentina and for many emerging economies.

Investors and markets may have shown some confusion regarding the future policy of the European Central Bank this week, but they are certain that monetary stimulus will be reduced throughout 2018.

The data covers the first full month in office for Prime Minister Shinzo Abe, who was elected in December and has vowed to revive the world's third - largest economy with his «Abenomics» policy mix of monetary and fiscal stimulus.

Though the European Central Bank has been encouraged by the economy's momentum, it's still pursuing crisis - era stimulus policies to get the annual rate of inflation back to its goal of just below 2 percent.

With the core consumer inflation steady in January from a year earlier, it is a sign that a strengthening economy has yet to prompt companies to raise prices, a challenge policy makers have yet to overcome despite years of massive stimulus.

The limits of policy stimulus were all to evident in Japan where core consumer prices fell 0.5 % in August from a year earlier, the largest drop since March 2013.

While Kuroda has pledged to maintain the BOJ's ultra-easy policy, he has refuted arguments that the stimulus programme needs to be expanded and has signaled the possibility of raising interest rates if inflation prospects brighten.

About half of the Fed's 17 policymakers factored a fiscal stimulus into their economic forecasts published in December, according to minutes from the Fed's December policy meeting.

«In contrast, I disagree with the notion that the large quantity of reserves resulting from our asset purchases poses some special barrier to removing policy stimulus when the right time comes.

His normally boilerplate explanation for his interest rate decision contained a new line: «Some modest withdrawal of the present considerable monetary policy stimulus may become appropriate.»

The stakes are high for this assessment, not only because it will be a primary determinant of the timing of Federal Reserve policy tightening; the more one believes that current high long - term unemployment is cyclically (demand) driven rather than structurally (mismatch and demographic) driven, the more one believes workers can be brought back into employment through monetary (or other) stimulus.»

He has implemented a massive stimulus policy by cutting the central bank's benchmark interest rate to negative, keeping the 10 - year Japanese government bond yield near 0 percent in an effort to control the yield curve and stepping up the Bank of Japan's asset purchases.

The report said fiscal stimulus and a series of cuts by the Federal Reserve to its policy rate will help the U.S. economy to bounce back in 2021 and grow by 2.1 percent, followed by growth of 2 percent in 2022.

With the economy humming and the tax cuts adding further stimulus this year, the Federal Reserve has made it clear that its decade - long policy of extraordinary accommodation is over.

Control of both ends of Pennsylvania Avenue gives the GOP a chance to enact Trump's fiscal stimulus policies.

«Given the downgrade to our outlook, Governing Council actively discussed the possibility of adding more monetary stimulus at this time, in order to speed up the return of the economy to full capacity,» Poloz said after the release of the central bank's latest policy announcement.

He has a theory about why the markets swooned: «Necessary changes in the stance of monetary policy removed the complacent assumption that «all bad news is good news» (because it brought renewed stimulus) that many felt underpinned markets.»

In one of the report's recommendations of policies to enhance global financial stability, it urged the Federal Reserve to clearly communicate its intentions on tapering the stimulus.

Whether those rate hikes come to fruition will depend in part on the shape of fiscal policy and any stimulus measures — tax cuts, infrastructure spending — enacted by President - elect Trump and the incoming Congress.

The labour market data is improving, so the Fed is getting ready to withdraw some of its massive monetary policy stimulus — logical, you might say.

«Indeed, of all the tax and spending policies considered, it provides the least amount of stimulus.

The «Joe Six - Pack» world sees President Trump's proposed policies of fiscal stimulus, infrastructure spending, deregulation and protectionist measures along with a Fed rate hike cycle.

Second, we need viable exit strategies from this recent period of monetary and fiscal policy stimulus.

Additionally we believe the Bank of Japan will continue to deliver market - friendly monetary easing policies in 2016 similar to the stimulus from QE and shareholder - friendly activities we saw in 2015.

Once one accounts for fiscal feedback effects, the net cost per job created of these targeted job creation policies are perhaps one - fourth of the net costs of general fiscal stimulus.

Jared Bernstein writes that «I believe that if we were to make policy based purely on the economics, more stimulus would be at the top of the list.»

The first - and most obvious - reason is that the exit will start from a point of extraordinary policy accommodation, and will involve gradually reducing the amount of stimulus in place, as opposed to initiating a rapid and severe policy tightening.

Thus, it is possible that, in a situation of sustained weak aggregate demand, relying primarily on monetary policy to provide stimulus may lead to financial vulnerabilities that macroprudential policy can not, or should not, offset.

The massive and multifaceted policy responses to the financial crisis and Great Recession — ranging from traditional fiscal stimulus to tools that policymakers invented on the fly — dramatically reduced the severity and length of the meltdown that began in 2008; its effects on jobs, unemployment, and budget deficits; and its lasting impact on today's economy.

Such approaches could be designed to be revenue - neutral over the business cycle; they also could avoid past debates over fiscal stimulus by separating decisions on countercyclical policy from longer - run decisions about the appropriate role of the government and tax system.

But these costs need to be set against concerns that prolonged monetary policy stimulus may result in an excessive buildup of private sector vulnerabilities.

If we don't start educating policy - makers and the public about the possibility of providing fiscal stimulus without increasing national debts, we may get even less fiscal stimulus than we got the last time.

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He was then followed by the European Central Bank and the central bank of Japan that are introducing their own monetary stimulus policies.

Posted by Nick Falvo under Bank of Canada, budgets, China, Conservative government, deficits, economic crisis, economic growth, employment, exchange rates, federal budget, fiscal policy, global crisis, household debt, IMF, interest rates, labour market, macroeconomics, manufacturing, monetary policy, recession, stimulus, unemployment.

A rise in crude oil prices and a rebound in base metal prices, both partly related to the announcement of new policy stimulus measures in several countries, account for much of the recent movement.

But with the exception of the temporary stimulus in 2008 - 2009, they have consistently rejected the use of fiscal policy to boost growth.

«Admittedly, some members still think more stimulus is required and just wanted to wait for August's Inflation Report, when a range of policy options would be discussed,» Redwood said in a note.

Posted by Armine Yalnizyan under Bank of Canada, Conservative government, economic growth, free markets, free trade, G - 20, inflation, interest rates, international trade, macroeconomics, monetary policy, Role of government, stimulus, unemployment.

That hesitancy intensified criticisms that the Fed's aggressive stimulus policies — and now its plans for reversing them — were leaving emerging markets vulnerable to volatile streams of capital.

While a tight labor market provides definite advantages — such as employment opportunities for workers who have struggled to find a job — nonetheless, providing too much stimulus from either monetary or fiscal policy at this stage of the economic cycle could threaten to create a so - called «boom and bust» economy, which policymakers certainly want to avoid.

For state and local governments, the statutory requirements for balanced budgets meant that fiscal policies turned restrictive relatively quickly once budget surpluses and rainy day funds were exhausted, and this was only temporarily mitigated by federal transfers to the states as part of the initial fiscal stimulus program.

Finance Minister Jim Flaherty says Canada will face global pressure to raise interest rates in 2014, as the United States begins to step back from its policy of extraordinary economic stimulus through intervention in bond markets.

Indeed, any sign of slowing growth in China should be met with further easing policies, so we're going to see lots of stimulus in various forms to help mitigate the damage from the recent rout.

Another unrelated note: I'll add that the softness in activity is consistent with the lag in monetary policy — that is, the effect of the stimulus provided in January has not fully made its way through to the real economy.

I think the last rate cut also showed that the efficacy of the move was more limited than the BoC let on, with most of the net stimulus (through the FX channel) ultimately a function of the projected path for U.S. monetary policy.