Best policy & monetary Quotes | Short & Famous Sayings

“In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.”

“My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.”

Should House Goal Lines Policy Bottom Employment Rising Assets Inflation Bottom Line Monetary Variables Output Central Banks Monetary Policy Rising Prices

Author:Janet Yellen

“A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble”

Years Past Technology Five Policy Five Years Description Bubbles Accurate Reserves Replaced Housing Over The Past Monetary Federal Reserve Monetary Policy Housing Bubble

Author:Paul Krugman

“However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.”

Should Interest Policy Perception Rate Bounds Spite Zero Monetary Interest Rate Central Banks Avert Monetary Policy Deflation

Author:Toshihiko Fukui

“Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy is the better way to go because you can turn it on and turn it off.”

People Thinking Way Wells Long Turns Talking Economy Cutting Policy Rate Feds Stimulus Better Ways Monetary Monetary Policy

Author:Franklin Raines

“Fiscal policy, monetary policy, they need to work together to try and raise the level of growth.”

Needs Trying Together Growth Levels Policy Raises Working Together Monetary Monetary Policy Fiscal Policy

Author:Joe Hockey

“I don't think that our problem, our jobs problem, is fundamentally a problem of trade. I think it has much more to do with the fact that we have not sufficiently educated our population. We have not got out of this great recession with adequate stimulus and adequate fiscal and monetary policies over all.”

Thinking Facts Problem Jobs Policy Trade Population Educated Adequate Stimulus Monetary Recessions Monetary Policy Great Recession

Author:Robert Reich

“At best, in such depression times, monetary policy is a feeble reed on which to lean.”

Policy Monetary Reeds Monetary Policy

Book:THE GREAT CRASH 1929

Source: THE GREAT CRASH 1929

“Outsourcing is a reflection of a bad economic environment domestically. If you fix that, you fix outsourcing. Our primary export is paper money, and that should change if you change the monetary policy.”

Ifs Should Environment Economic Policy Paper Reflection Primaries Monetary Outsourcing Monetary Policy Paper Money

Author:Ron Paul

“Monetary policy itself cannot sensibly be directed at reducing imbalances.”

Policy Reducing Monetary Imbalance Monetary Policy

Author:Timothy Geithner

“As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.”

Important Play Past Roles Policy Behavior Investing Financial Assets Monetary Financial Markets Monetary Policy

Author:Timothy Geithner

“We must not forget that … monetary policy all over the world has followed the advice of the stabilizers. It is high time that their influence, which has already done harm enough, should be overthrown.”

World Should Done Enough Forget Influence Advice Policy Harm Monetary Monetary Policy

Author:Friedrich August von Hayek

“The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.”

Action Economy Path Risk Policy Demand Pressure Absence Inflation Momentum Monetary Output Monetary Policy

Author:Ben Bernanke

“I'm not trying to be diplomatic. I'm trying to be more nuanced and realistic. I think there has to be a serious examination of the shortcomings of the Euro structure. Euro central institutions, whether it be fiscal policy, monetary policy, financial regulation, are simply not as robust as they are in a currency that has a national government behind it.”

“The excellence of metallic money in free circulation consists in the fact that it renders impossible the abuse of the power of the government to dispose of the possessions of its citizens by means of its monetary policy and thus serves as the solid foundation of economic liberty within each country and of free trade between one country and another.”

“I believe, unlike people that are totally free-market, laissez-faire fundamentalists, that there is an important role that the government can play - one, in providing public goods, whether it's education, health care, or other things, and two, supervising countercyclical policy - stimulus, whether it's monetary, fiscal, or otherwise.”

People Believe Two Important Play Government Care I Believe Roles Policy Health Care Goods Providing Free Market Stimulus Monetary Laissez Faire

Author:Nouriel Roubini

“... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.”

Important Policy Normal Capitalism Capacity Investing Monetary Monetary Policy Fiscal Policy American Capitalism

Author:Warren Buffett

“For a small open economy that trades mostly with the euro zone it makes absolute sense to be part of the currency union. Our currency has already pegged to the euro since 2002. We don't have an independent monetary policy. We are regulated by the European Central Bank in Frankfurt, but we are not able to reap all the profits. Our businesses want to save the transaction costs.”

Want Able Economy Policy Cost Absolutes Independent Trade Unions Profit Zone Currency Reap Monetary Transactions Euro Central Banks Monetary Policy Frankfurt

Author:Dalia Grybauskaite

“The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.”

Government Results Policy Particular Serious Authority Consequence Monetary Great Depression Monetary Policy

Author:Milton Friedman

“I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.”

Ifs Economy Policy Always Believe Monetary Monetary Policy Fiscal Policy

Author:Paul Krugman

“Any debate among politicians about monetary policy is counterproductive.”

Policy Politician Debate Monetary Counterproductive Monetary Policy

Author:Gerhard Schroder

“We do not interpret bitcoin's popularity as having a relationship with the public's view of the Federal Reserve's conduct of monetary policy”

Views Policy Reserves Popularity Bitcoin Monetary Federal Reserve Monetary Policy

Author:Janet Yellen

“Any nation that allows the government to dominate its monetary and economic policies will ultimately suffer grave consequences.”

Government Suffering Nations Economic Policy Consequence Graves Monetary Economic Policy

Author:James Cook

“The housing and financial crisis could not have occurred in the absence of government housing and monetary policies.”

Government Policy Crisis Financial Absence Housing Monetary Financial Crisis Monetary Policy

Author:Sheldon Richman

“The World Trade Organization, The World Bank, The International Monetary Fund and other financial institutions virtually write economic policy and parliamentary legislation. With a deadly combination of arrogance and ruthlessness, they take their sledgehammers to fragile, interdependent, historically complex societies and devastate them, all under the fluttering banner of 'reform'.”

“The Great Depression in the United States was caused - I won't say caused, was enormously intensified and made far worse than it would have been by bad monetary policy.”

Has Beens Made States United United States Policy Monetary Great Depression Monetary Policy

Author:Milton Friedman

“If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher inflation, and that you would not have lower unemployment.”

Ifs Use Would Be Results Policy Higher Employment Unemployment Inflation Monetary Monetary Policy

Author:Milton Friedman

“The one instrument that has relative political autonomy is monetary policy. Central banks do not need to go to Congress to get approval for an interest rate hike.”

Needs Political Interest Policy Instruments Rate Congress Relative Approval Autonomy Monetary Interest Rate Central Banks Monetary Policy

Author:Mohamed El-Erian

“Monetary policy suffers from the unfortunate absence of any occult effect. It has long been clear that economic management...would be greatly facilitated if resort could occasionally be had to witchcraft.”

Ifs Long Would Be Suffering Clear Economic Effects Policy Management Absence Unfortunate Resorts Witchcraft Occult Monetary Monetary Policy

Author:John Kenneth Galbraith

“I'm convinced that, in the long term, a monetary union includes a joint debt policy under strict, mutually agreed upon conditions.”

Long Term Conditions Policy Unions Debt Convinced Long Term Strict Joints Monetary

Author:Jean-Claude Juncker

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