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Argentina's international competitiveness has been undermined by devaluation in neighboring Brazil and by the weakness of the euro; domestic demand has fallen as consumers and companies lose confidence; but because the currency board allows no flexibility in monetary policy, policy makers cannot respond, Greenspan-style, by opening the monetary spigots.
Similar(59)
Describes monetary policy & fiscal policy as techniques of economic managment.
It employed all available means: budgetary policy, monetary policy, income policy and extensive privatisation of banks and public enterprises.
There needs to be a better balance of monetary policy, fiscal policy and structural policy".
What is the relationship between fiscal policy and monetary policy?
But although monetary policy is lax, fiscal policy is tight.
On "austerity", debt and monetary policy: Fiscal and monetary policies are extraordinarily difficult at the moment.
There needs to be a better balance of monetary policy, fiscal policy and structural policy," he said.
One is monetary policy the other is fiscal policy.
Monetary policy has been loose; fiscal policy has been tight.
"Second, we must grow our economy by rebalancing the mix of monetary policy, fiscal policy and structural reforms.
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