In a 2003 study of past Fed chairmen Christina Romer and David Romer of the University of California, Berkeley, reckon that a candidate who subscribes to a "sound" framework of basic monetary principles is most likely to do well.
If a currency became weak if the demand for it fell below the supply this could give rise to the idea that the authorities having the weak currency might in due course decide to devalue it, as they were perfectly entitled, under International Monetary Fund principles, to do.
In principle, monetary policy can still be effective even in a liquidity trap — hey, I sort of wrote the book on that back in 1998.
In principle, monetary incentives are considered to be more suitable for sensing tasks that require significant manual effort while gamification is more appropriate when the sensing task does not have tight time constraints and its requirement can be easily translated into an enjoyable game action [47].
[S]hould financial stability concerns, in principle, influence monetary policy decisions?
He said the Government's Commons statement committing Britain "in principle" to monetary union represented a "turning point" which would be enough to demonstrate the Government's pro-Emu credentials to its partners.
Monetary policy has its principle impacts on the economy not by moving the economy from one equilibrium point to the next, like in the textbooks, but by causing sudden, discontinuous changes, or "blackouts," in credit availability.
Why would purchases of Italian bonds by - for example - the Banca d'Italia be deemed as inferior to purchases of Italian bonds by the ECB? Well it would be seen to be an unravelling of the eurozone principle that monetary policy is a shared federal responsibility, not a national one.
Modern Monetary Theory's basic principle seems blindingly obvious: Under a fiat currency system, a government can print as much money as it likes.
Back then the tight-money types were inventing new and peculiar principles of monetary policy on the fly; it was obvious that they were looking for some reason, any reason, to justify a rise in rates, because, well, because.
