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His advice on the incredibly complicated monetary system was especially welcome; any price can be quoted in three different numbers (trust me, it's too complicated to explain), and you'll need to learn quickly which banknotes to hand over as – for now – sanctions mean that no credit or debit cards work here.
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But all this complicates monetary policy.
However, a rising euro will certainly complicate monetary policy.
The high yields — and widening gaps in yields between countries — complicate monetary policy.
This surge, which is the chief motor of the much ballyhooed new economy also dramatically complicates monetary policy.
And "a number of participants" expressed uncertainty about the impact the new Fed program might have and how it might complicate monetary policy in the future.
"The only thing complicating a monetary program is these lawsuits".
Coming on the heels of reports this past week showing declining consumer confidence in Europe and evidence that much of the regional economy is slowing, the data complicate the monetary policy challenge facing the E.C.B., which has a primary responsibility of maintaining price stability.
The sluggish growth in America's economy in the first half of this year was due in part to higher oil prices, which in turn were caused partly by strong GDP growth in China (though supply disruptions also played a role).The commodities boom has also made monetary policy more complicated.
The volatility since May 2013 tells us that the process of normalization of U.S. monetary policy will be complicated and volatile.
It may complicate the conduct of monetary policy in more tranquil times, but the case for mandating central banks to maintain both price and financial stability is now seen as necessary for other reasons, too.A higher powerThe solution to the problem of local regulatory capture would be to rely more on supranational authorities.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com