Monetary Policy Quotes

On this page you will find all the quotes on the topic "Monetary Policy". There are currently 54 quotes in our collection about Monetary Policy. Discover the TOP 10 sayings about Monetary Policy!
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  • Let's say I am a chocoholic and I eat tons of chocolate a day. A hundred thousands of tons a day. I have this craving, but I can't afford it, so I get a printing press, and I start printing money, and I print billions and billions to buy chocolate. So I create this boom in the chocolate industry, so stores are running out of chocolate. So they have demand, so chocolate makers expand. Cocoa growers expand. You create this great boom. But now the feds arrest me and shut me down. And now there is a depression in the chocolate industry. That's what happens with the monetary policy.

    Source: www.washingtonpost.com
  • Domestic inflation reflects domestic monetary policy.

  • I'm not trying to be diplomatic. I'm trying to be more nuanced and realistic. I think there has to be a serious examination of the shortcomings of the Euro structure. Euro central institutions, whether it be fiscal policy, monetary policy, financial regulation, are simply not as robust as they are in a currency that has a national government behind it.

    Interview with Peter Mansbridge, www.theglobeandmail.com. June 5, 2012.
  • Monetary policy itself cannot sensibly be directed at reducing imbalances.

  • Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand

    Running   Long   Growth  
  • For a small open economy that trades mostly with the euro zone it makes absolute sense to be part of the currency union. Our currency has already pegged to the euro since 2002. We don't have an independent monetary policy. We are regulated by the European Central Bank in Frankfurt, but we are not able to reap all the profits. Our businesses want to save the transaction costs.

    Source: www.spiegel.de
  • As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.

    Past   Play   Important  
  • Outsourcing is a reflection of a bad economic environment domestically. If you fix that, you fix outsourcing. Our primary export is paper money, and that should change if you change the monetary policy.

    "The Candidates: Rep. Ron Paul". Live chat, www.washingtonpost.com. October 12, 2007.
  • Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.

    "The Constitution of Liberty". Book by Friedrich Hayek, Chap. 21 : The Monetary Framework, 1960.
  • I don't think that our problem, our jobs problem, is fundamentally a problem of trade. I think it has much more to do with the fact that we have not sufficiently educated our population. We have not got out of this great recession with adequate stimulus and adequate fiscal and monetary policies over all.

    Source: www.nbcnews.com
  • In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade.

  • The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.

  • However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.

  • The monetary policies of the US will destroy the world.

    "Marc Faber, Famous Swiss Investor: Federal Reserve Stimulus ‘Will Destroy The World" By Harry Bradford, www.huffingtonpost.com. September 14, 2012.
  • We made a decision that monetary policy will be made by an independent European Central Bank.

  • If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.

    Long   Focus   Employment  
    "Hearing Regarding Ben Bernanke's Nomination to Be Chairman of the Board of Governors of the Federal Reserve". www.washingtonpost.com. November 15, 2005.
  • The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.

  • Any debate among politicians about monetary policy is counterproductive.

  • I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.

    "Paul Krugman on Debt, but Are Soaring Interest Rates Running Against Him?". Interview with Paul Solman, www.pbs.org. May 29, 2013.
  • Fiscal policy, monetary policy, they need to work together to try and raise the level of growth.

    Source: www.abc.net.au
  • At best, in such depression times, monetary policy is a feeble reed on which to lean.

    John Kenneth Galbraith (2009). “The Great Crash 1929”, p.203, Houghton Mifflin Harcourt
  • Global central banks are working hard to lift their economies through an aggressively easy monetary policy. The ECB [European Central Bank] and BOJ [Bank of Japan] are buying tens of billions of bonds and other financial securities each month in an effort to stimulate their economies, which is pushing down rates everywhere, including in the U.S.

    Source: www.washingtonpost.com
  • The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.

    Risk   Demand   Path  
    Ben Bernanke's Semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives, www.federalreserve.gov. February 15, 2006.
  • My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.

    "In 2004 Janet Yellen Feared Housing Bust But Did Not Raise Public Alarm" by Marilyn W. Thompson, Ann Saphir, and Alister Bull, www.businessinsider.com. October 30, 2013.
  • We're bankrupting our country and we have an empire that we're trying to defend which costs us $1 trillion a year. And the standard of living is going down today. It's going down and the middle class is hurting because of the monetary policy. When you destroy a currency, the middle class gets wiped out.

    Country   Hurt   Money  
  • The supply-side effect of a restrictive monetary policy, moreover, is likely to be perverse. High interest rates enter into costs and thus exert inflationary pressure, as well as inhibiting the expansion of capacity or the introduction of cost -reducing capital improvements.

    Cost   Pressure   Sides  
    "Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey".
  • The excellence of metallic money in free circulation consists in the fact that it renders impossible the abuse of the power of the government to dispose of the possessions of its citizens by means of its monetary policy and thus serves as the solid foundation of economic liberty within each country and of free trade between one country and another.

  • A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble

    Past   Technology   Years  
  • In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.

    Jobs   Decision   Boards  
  • ... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.

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