Republican Jeff Bell decided to run for the U.S. Senate this year to focus his campaign on federal monetary policy and promote a return to the gold standard because the self-described “issue nerd” says he believes it will solve the nation’s economic woes.
The Reserve Bank’s U-turn on interest rates today shows monetary policy settings were wrong and New Zealanders have suffered unnecessarily through the loss of jobs and having to pay higher interest rates, the Green Party said today.
The Federal Reserve is “normalizing” its monetary policies. QE3, the latest installment of its multi-year $3.7 billion asset purchase program is ending this month. And although its zero interest rate policy (ZIRP) is still fully in force, the Federal Reserve is signaling that as long as the economy continues to [...]
Philippine central bank Governor Amando M. Tetangco Jr. refused to mince words on Wednesday as he signaled that current monetary policy settings would stay where they were for the moment if current conditions would stay the same.
THE BANGKO SENTRAL ng Pilipinas (BSP) can be expected to keep monetary policy steady in its final meeting next month should price hikes ease further, as expected, and the United States Federal Reserve take its time in raising interest rates, Governor Amando M. Tetangco, Jr. said yesterday.
When the Great Recession hit and it became clear that monetary policy alone would not be enough to prevent a severe, prolonged downturn, fiscal policy measures – a combination of tax cuts and new spending – were used to try to limit the damage to the economy. Unfortunately, macroeconomic research on fiscal policy was all but absent from the macroeconomics literature and, for the most part ...
Accommodative monetary policy is no cure-all for Europe's economy and needs to be complemented with steps to fuel demand, European Central Bank Governing Council member Ewald Nowotny told Austrian magazine Trend. "Monetary policy can create an expansive framework but it also has to be used by players in the economy. Monetary policy is not a panacea," he wrote in a commentary for the magazine ...