Sentence examples for classical monetary policy from inspiring English sources
This will be portrayed as a classical monetary policy instrument fully in line with the ECB's primary monetary policy remit.
Nathan even went so far to suggest that my own comments to Chair Yellen early in her time at the Fed, championing a classical monetary policy, guided her toward this goal.
Research on the interaction between wage setters and central banks has shown that the classical dichotomy of monetary policy models in the tradition of Barro and Gordon [Journal of Political Economy 91 (1983) 589] does not hold if an inflation motive of wage setters is introduced.
New classicals abandoned the monetarist belief that monetary policy could systematically impact the economy, and eventually embraced real business cycle models that ignored monetary factors entirely.
That was true of the classical gold standard, when working people lacked the political clout to resist a monetary policy overwhelmingly geared toward stabilising the fixed-rate system.
The new synthesis implies that monetary policy can have a stabilizing effect on the economy, contrary to new classical theory.
New classical economics, she told me, "was the starting point for a rightward shift in economics that went against the idea that monetary policy can improve macroeconomic outcomes".
What about monetary policy?
(See also monetary policy).
