"The current accommodative monetary policy, on top a still robust underlying growth in productivity, should be sufficient to foster an improving corporate business climate over time".
The objectives of monetary policy are the same as those of fiscal policy.
The Greenspan years have been a period of extraordinary and unrivalled prosperity for the US economy and most economists acknowledge the central role played by monetary policy in that success.
a smoothly functioning bifocal mind(bJohn McPhee)A bifocal monetary policy kept one eye on the money supply and the other on interest rates(bEdward Meadows)
Because deflation will exist in the long run and the interest rate has tended to low but its performance weakened all over the world, China's monetary policy should change from steady to steady and active in order to alter the public anticipation.
國文精選館
