#monetary policy

Poland is one of the few countries that can afford to conduct a conventional monetary policy and that means we have to act against the buildup of imbalances in the economy. ↗

— Marek Belka

#afford #against #conduct #conventional #countries

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

— Evan Davis

#components #consumer #exports #investment #main

Domestic inflation reflects domestic monetary policy. ↗

— Martin Feldstein

#inflation #monetary #monetary policy #policy #reflects

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. ↗

— Toshihiko Fukui

#bank #below #bound #cannot #central

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. ↗

— Timothy Geithner

#behavior #broaden #continue #deepen #financial

So just as I want pilots on the planes that I fly, when it comes to monetary policy, I want to think that there is someone with sound judgement at the controls. ↗

— Martin Feldstein

#controls #fly #i #judgement #just

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. ↗

— Ben Bernanke

#because #cannot #demand #depressed #economy

Monetary policy is not a panacea. ↗

— Ben Bernanke

#monetary policy #panacea #policy

The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure. ↗

— William Vickrey

#effect #enter #exert #high #inflationary

Monetary policy itself cannot sensibly be directed at reducing imbalances. ↗

— Timothy Geithner

#directed #imbalances #itself #monetary #monetary policy