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There needs to be a better balance of monetary policy, fiscal policy and structural policy".
Europe, he said, needs fiscal, monetary and structural policy working together, the three arrows of Abenomics.
There needs to be a better balance of monetary policy, fiscal policy and structural policy," he said.
The target is one of the few remaining structural policy reforms to assist with reducing Australia's carbon emissions.
The central bank's more aggressive stance on inflation will most likely increase pressure on the government to embrace structural policy changes and increase investment in infrastructure.
"But the bank is not in charge of structural policy, and anyway, using interest rates to influence structural reform is sort of like using a hammer to hit a screw".
Similar(35)
Moreover, the details of the electoral system (such as district magnitude and ballot structure) influence corruption and structural policies toward economic growth.Persson and Tabellini's goal is to draw conclusions about the causal effects of constitutions on policy outcomes.
One needs to have coordinated monetary, fiscal and structural policies.
Economists tend to talk loosely about structural rigidities, lumping all sorts of structural policies together.
I would therefore urge China to opt for aggressive and immediate pro-consumption structural policies.
So the answer will lie in structural policies rather than macroeconomic ones.
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