Monetary Quotations

The fact that we're going through a crisis is an opportunity for Europe to be more coordinated and more integrated. We're actually talking about a European Monetary Fund or euro bonds, about guarantees for countries, about economic governance in the European Union. That shows the strength of Europe.

Giving Northern Europe a veto over Southern Europe's budgets will not hold a monetary union together. The euro zone will continue to need the weaker countries to stomach decades of high unemployment to grind down wages.

The Obama administration's attempted short-term fixes, even with unprecedented monetary easing by the Federal Reserve, produced average GDP growth of just 2.2% over the past three years, and the consensus outlook appears no better for the year ahead.

Low interest rates are usually attributed to low inflation, weak economic growth and super easy monetary policy. But there's another deep-seated factor that doesn't get much attention: demographics.

When you talk about the economic process of a society, sometimes we separate it into two stories. One is about monetary variables. But then, we very often assume the underlying arrangement, the other variable, is 'perfect competition,' which means people do whatever they are supposed to do.

That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we will allow other economic agents, both domestic and foreign, to compete with them.

Funnily enough, the Federal Reserve produced comics about monetary policy, and there is a good comic book guide to microeconomics and macroeconomics out there. But it is not really appropriate for younger readers; it is really aimed at economics students.

I never understand why 'economist makes forecast' is ever a headline. Whether the economist in question is from the International Monetary Fund, a City forecasting group or the Treasury - a forecast is still not news.

I do know some of the world's richest people. In monetary terms, they all performed very well. In terms of a fulfilling life, I am less sure.

It is obvious that the monetary union among 17 very different European countries does not work. As an economist, I know that the Eurozone is not an optimum currency area, as defined in economic theory.

Conservatives believe that international institutions such as the United Nations are anti-American and anti-Israeli cabals. Progressives do not like the economic medicine that the International Monetary Fund (IMF) and World Bank force down the throats of developing countries.

The phrase 'perception is reality' is overused generally. But perception can be reality in monetary policy. The bond market doesn't act merely on what it sees. It acts on what it expects of the Fed or the government.

Economics should be defined in terms of what it is about. It should be about how people produce things, how people exchange them, how people earn income, how they pay taxes, how the government provides infrastructure with tax revenue, and how it conducts monetary policy. The subject has to be defined in terms of the object of inquiry.

I loved modeling. I absolutely loved it. I was so happy to get the cover of 'Vogue' - 23 times. I keep each copy. I made more money as a model than as an actress or as a filmmaker. In monetary terms, beauty pays more than anything.

Though monetary compensation may never add up, teachers can rest assured that they are important.

When historical relationships are taken into account, it is difficult to ascribe the house price bubble either to monetary policy or to the broader macroeconomic environment.

The pound's strength is tightening monetary conditions in the U.K., but it's not enough.

The plus reading will definitely pave the way for an end to the Bank of Japan's ultra-easy monetary policy and the market has not factored this in yet.

Until and unless there are significant increases in jobs over a period, tighter monetary policy is out of the question.

We still think that the growth rate will slow substantially in the fourth quarter, in part because the housing sector is softening which will tend to soften consumer spending as well. That is one factor that will probably help the Federal Reserve eventually conclude its monetary tightening cycle.

When you think of all the fiscal and monetary stimulus we've had, we should have the economy growing at 5 or 6 percent. The fact that we're not is the story.

Until you get tighter monetary policy in Indonesia, the currency will remain under downward pressure. Weakness in the currency and the rally in oil over the past couple of weeks have just compounded the inflationary expectations.

What we're seeing in terms of currency movements - and it will probably continue at least over the near-term - is a shift in global monetary policy expectations. There's a gearing-down of expectations for Fed tightening, coupled with increased tightening expectations elsewhere.

Unless major negative influences are felt in the economic or monetary context, the group looks forward to ending the year with another record in sales and profits,

US Treasuries, particularly long-term bonds, were robust on Friday, when the Japanese market was closed. Some bond investors view the surge in stocks as bubble while some investors take comfort in the view that the zero-interest rate policy will continue even after the Bank of Japan lifts ultra-loose monetary stance.

U.S. interest rates are pretty close to the top. By year- end it is quite likely the Fed will be shifting toward easing monetary policy and investors will be starting to wonder about a renewed widening in the Australian and U.S. interest-rate gap.

With UK growth remaining weak and below trend, and with inflationary pressures easing, we urge the (Bank of England's) monetary policy committee to consider an early interest rate cut.

We regard Microsoft's loss to be a foregone conclusion, which subjects it to damages that will likely be undetermined for a period of months. We also believe the issuing of the conclusions of law opens Microsoft to a flood of civil lawsuits seeking monetary damages.

With the next FOMC meeting only another week away, it is unlikely any of them will tip their hands regarding monetary policy,

We're seeing a nice handful of earnings today. That is going to be the driver. The other driver, or the thing that's not going to hold us back this quarter, and I would argue has held us back the last three quarters, is the consensus is the Fed is done for the year, ... We don't have a credit tightening cycle to go through and we're seeing terrific earnings. So I would argue that the focus returns now to earnings growth, revenue growth, the strength of corporate America and not necessarily the macro-economic themes like monetary policy which have been on the forefront for the last couple of quarters.

We have no evidence the Web address in question is being used. If and when we are notified that they are using our name for monetary gain, we will take the appropriate action.

We are already seeing a transformation, where virus writing is getting more sinister and turning toward monetary gain.

We want the coaches to concentrate on what sport they were brought to Thiel to coach, the reason that we hired them to coach. From a monetary standpoint, we didn't think that it would be feasible to get a head coach with the necessary expertise to put in these programs.

We're assuming they're coming with nothing. We're still encouraging people to do monetary donations until we find out what the situation is. It allows us to buy in bulk.

We have reached a settlement with CNN. The amount of the settlement is both confidential and, under the terms of the agreement, cannot be characterized, except for me to tell you that it was a monetary payment to Barbara Jewell, the mother, and Richard Jewell.

We have pushed out the timing of the monetary policy easing to June and reduced the cumulative amount through 2006 to 75 basis points.

The CPI report was very tame. It sort of reflects the comments by Alan Greenspan that even though monetary policy is way too expansive right now, inflation is sufficiently a non-event, a non-problem, so the Fed obviously can wait at this point,

There is a little bit over-speculation that there was going to be some imminent and drastic change to Japanese monetary policy and nothing to be further from the truth.

We have approached a point where we need to consider a gradual change in monetary policy. We share this view with the Finance Ministry. Monetary policy is based on economic growth, consumer prices and allocation of resources. The perception that the central bank would not raise interest rates had been prevalent, so I needed to send a signal not to shock the markets.

When there's downward pressure on growth, one choice is to adjust economic policy, increase deficits, relax monetary policy. That might have a short-term benefit, but may not be beneficial for the future.

made it clear that they were only accepting monetary contributions and therefore that was our first efforts was city staff in support of it.

Loose monetary policy is working its way through the economy and what started as an export recovery is broadening out into domestic demand. There have been false dawns before but this does look encouraging.

Many members of our community appreciate the diversity and quality of our offerings and support us by watching, pledging monetary support, donating used vehicles, and volunteering their time,

Some offshore investors secured cheaper funds here in yen for investing in Japanese equities. They appeared to be nervous as they consider an end to the current ultra-loose monetary policy by the Bank of Japan would increase their costs.

Signs of slowing growth and wages moving sideways rather than picking up, and of course the currency showing some signs of life, suggest that the Reserve Bank has probably administered enough monetary medicine for the time being.

Simply because the Fed is maintaining an accommodative monetary policy position doesn't mean they keep the fed funds rate at one percent indefinitely,

Since the U.S. election ended with the expected Bush victory, the market's focus has moved to U.S. corporate earnings and monetary policy there.

Since it is the tightness of monetary policy you have to worry about in terms of implications for the economy, not the shape of the yield curve, per se, it should tell you not to be particularly nervous about the outlook.

My feeling is that it's going to hint at much more aggressive monetary policy moving forward given the hawkish nature of Tuesday's statement.

One wants to make sure that it continues to build and not to be too far ahead of the curve in monetary policy if at the same time fiscal policy is also tightening.

Monetary tightening, a strong currency and tamer U.S. demand should spell slower economic growth ahead, calming inflation fears.

Monetary policy will be based on seeking a balance between growth and stability.

Monetary policy should respond to energy shocks by remaining focused on price stability. I think it is too soon to declare that 'pass-through risk' is entirely behind us.

Monetary policy is the perfect instrument for these circumstances. The Fed can keep pushing as needed, but still can turn on a dime and pull back as soon as spending starts to rebound.

Monetary policy is most effective when it is coherent, consistent and predictable as possible, while at all times leaving full scope for flexibility and the use of judgment as conditions may require.

Monetary policy is a blunt tool which certainly affects the distribution of income and wealth, although whether the net effect is to increase or reduce inequality is not clear.

Monetary policy has to be somewhat accommodative, since a tightening in credit will likely cause liquidity difficulties in businesses that are suffering from overcapacity.

Monetary policy has never been partisan. Economists of both parties think that if you keep inflation low, you can keep employment high.

Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and less costly in terms of increased debt burden when interest rates are pinned at low levels.

Monetary policy expectations were the driving forces on the FX markets in most of 2005 and while we expect structural problems to come back to haunt the dollar in 2006 we expect monetary policy expectations to lend support to the greenback early in the year.

Monetary policy expectations were the driving forces on the FX (foreign exchange) markets in most of 2005 and while we expect structural problems to come back to haunt the dollar in 2006 we expect monetary policy expectations to lend support to the greenback early in the year.

Monetary policy can take a year, year and a half to rifle through the economy. Vehicle sales have held up somewhat better than what people have anticipated. You try to find balance ... When all is said and done, we don't anticipate the back end of this year to be a poor back end. We just continue to try to put forth what we think is the right balance. We're cautiously optimistic.

Monetary economists have not yet developed a formal rule that is likely to have better operating properties than the Fed's current practice,

Maybe the markets are glad to know they've got a cautionary guard at the monetary door,

Policy makers seem to continue to believe that they can boost demand enough to alleviate the oversupply situation. They now talk of extraordinary monetary measures and huge tax cuts to stimulate demand, ... Although their timing was admittedly very poor, Japanese policy makers attempted the same thing.

Police have evidence of monetary inducement being used to perpetuate the activity which involves a series of fabricated articles aimed at achieving insecurity.

On the basis of the information available, the current stance of monetary policy is appropriate to ensure that the euro area will be able to maintain price stability over the medium term,

I don't imagine I would be disqualified, but there can be time or monetary penalties.

I believe the monetary authorities have sought to take action to head off the possibility of higher inflation over the course of the next two years.

CEOs are highly skilled people like a pro athlete or artist, selling a skill, ... It?s very hard to put a monetary value on a skill, but a good quarterback makes $10 million a year, based on an athletic skill, in the same way a painting might bring in $10 million to an artist.

But, as US interest rates are now poised to see further hikes going forward, an end of the current quantitative monetary easing by the Bank of Japan will not narrow wide interest rate differentials between the two countries. And this interest rate gap should continue to support the dollar.

Basically, we're asking for monetary contributions right now.

Basically, it's the same underlying picture and certainly supportive of the monetary policy action they've been undertaking.

China's tighter monetary policy will hit demand and that will take out pressure on consumption side.

China needs to continue to tighten monetary conditions. There is a need clearly for additional measures.

I have long taken the view that monetary policy should not be aimed at asset prices one way or the other.

If China is happy to see local interest rates rise, then it's happy to see some tightening monetary conditions in general and therefore could arguably be more receptive of yuan reform.

Growth is likely to be lower in '98 than it was in '97. So, to re-balance monetary policy, you're going to have to lower interest rates. The question is by how much? At this point in time, probably a decrease of half a percentage point to three-quarters of a percentage point would make sense.

From now to the first semester of 2006, our economy is still bumpy, thus the monetary sector would still be tight. After the first semester of 2006, the economy will start moving. We will see whether or not the tight monetary policy needs to be relaxed.

For us, the I-A games are strictly monetary situations all the way. Whatever we schedule, we go. The bottom line is for finances.

Given this is a swan song for Greenspan, I think it's going to be one more of these global topics. There will be very little if anything that will give us any insight into monetary policy.

Giving a super-clear predictability on the course of monetary policy will not be good for any central bank.

If it's set up in such a way that it breaks the conditionality required by the (International Monetary Fund), I think that would be a step backward,

If the economy does not move out of the soft patch, monetary policy could be on hold beginning September until the economy shows signs of renewed strength.

If the core CPI is above market consensus forecast of a rise of 0.4 percent year-on-year, this would fuel speculation that the Bank of Japan will end its ultra-easy monetary policy at its meeting next week, which could spark a spate of yen-buying.

If the core CPI is above market consensus forecast of a rise of 0.4 pct year-on-year, this would fuel speculation that the Bank of Japan will end its ultra-easy monetary policy at its meeting next week, which could spark a spate of yen-buying.

If the BOJ fails again like it did in 2000, this could be a fatal blow to the credibility of Japanese monetary policy.

If the hurricane does not derail the expansion, then against the backdrop of continuing strong domestic demand growth and fiscal policy becoming expansionary, monetary policy will have to become much less accommodative.

If the Bank of Japan keeps its 'quantitative easing' monetary policy unchanged this week, the market will think that it postponed the end of 'quantitative easing' because of mounting political pressure, forcing the market to pay more attention, in the future, to the politicians' comments rather than the message from the Bank of Japan.

Heightened concerns over inflation risks in the U.S. and a consequent monetary policy-induced slowdown in economic growth are keeping U.S. dollar bulls in check.

He doesn't say anything very specific about current monetary policy, ... In some ways for FX markets, which have got used to Fed speakers being relatively hawkish, this may be a little disappointing (for the dollar).

He goes up to Congress, and they ask him questions about everything except monetary policy. It's unprecedented that a central banker is sort of viewed as an omniscient economic policy czar. It's not his responsibility.

Whatever might have once been thought about the existence of a 'Greenspan put,' stock market, investors could not have endured the experience of the last five years in the United States and concluded that they were hedged on the downside by asymmetric monetary policy.

There is no evidence the Fed is less effective in monetary policy

What we would look for is a gradual phasing out of the fuel subsidy and a more effective and coordinated policy response from the government and monetary authorities as and when shocks arise. Shocks such as high oil prices, a classic case of external shock, caught the government by surprise.

Gold is hoarded by institutions and banks even while they say it has no monetary value, which means they are talking out of both sides of their mouths.

He's delivering a warning shot. The message is that they don't appear to see any problem with having monetary policy in a restrictive stance for some time.

His performance as chairman of the Fed has been impressive, encompassing and overwhelmingly beneficial -- to the nation, to the institution and to the practice of monetary policy,

His performance as chairman of the Fed has been impressive, encompassing, and overwhelmingly beneficial - to the nation, to the institution, and to the practice of monetary policy,

The pace of average hourly earnings continues to rise at just a tepid pace leading me to believe that this overall report is a very monetary policy-friendly report.