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14 results for “monetary policy”
Topic9 mentions across episodes
monetary policy
Concept8 mentions across episodes
monetary policy
...monetary policy. So the nineteen seventies and nineteen eighties were very difficult years for monetary policy. Inflation had been very high in the late nineteen seventies and early nineteen eighties.
7:25 / 8:30
from transcript7:25 – 8:30
...monetary policy actually has a large effect, then, you know, some of these shocks are going to dissipate. And then I guess the third thing I I would mention is that in theory, the central bank actually wants to use a combination not only of current i
23:46 / 25:00
from transcript23:46 – 25:00
Monetary policy, on the other hand, is thought of as being a lot more even. Right? It affects the macro economy more than it affects distribution. So in that way, it's, like, kind of more acceptable in a democracy to delegate it to some technocrats.
8:56 / 10:01
from transcript8:56 – 10:01
...policy and monetary policy. So having independent central banks is very common. Having independent fiscal authorities is not. And the usual justification there is that fiscal policy has very obvious distributional consequences. I mean, that's basical
8:13 / 9:26
from transcript8:13 – 9:26
...to set monetary policy appropriately. Now the appropriate phrase is essentially saying, what do we need to do to keep inflation around too? And this is where the neutrality debate loses some relevance. You know, what is the probability in the next nu
13:26 / 14:34
from transcript13:26 – 14:34
...monetary policy, etcetera. How long will the Fed continue to print money or whatever? And yet, looking at the actual results in the real economy, as you've described, unemployment remaining stubbornly high, inflation consistently undershooting, in re
12:36 / 13:46
from transcript12:36 – 13:46
...monetary policy. It's not regulatory. It's not adjudicatory. But, actually, actually, no. Monetary policy implementation is all exercise of government power over the banking system.
23:07 / 24:04
from transcript23:07 – 24:04
...that monetary policy is going to be restrictive. And that's important to be able to demonstrate that the policy rate is higher than so called normal. It's important to look at, is demand dampening? I. E. Is the pricing environment making it more diff
12:40 / 13:53
from transcript12:40 – 13:53
...nonmonetary policy as given. Right? And then, you know, I just respond in thinking about where we need to go based on where that part of policy is and where businesses are and all those sorts of things.
41:11 / 42:21
from transcript41:11 – 42:21
...all nonmonetary policy as given. Right? And then, you know, I just respond in thinking about where we need to go based on where that part of policy is and where businesses are and all those sorts of things. These changes here that are being made are
41:57 / 43:07
from transcript41:57 – 43:07
...a monetary conditions index. I think it had 14 pieces to it. But, basically, trying to get at what you just said conceptually, that if you in the textbook, the central bank has three channels through which it tightens policy. One is it directly affec
29:14 / 30:20
from transcript29:14 – 30:20
...And from a monetary policy perspective, it was hard to explain. Interest rates are on the floor. There have been a huge amount of quantitative easing, and yet unemployment rates remain stubbornly high. Growth remain stubbornly low. Why was that? And
11:59 / 13:05
from transcript11:59 – 13:05
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