| 词汇 | example_english_monetary-authority |
| 释义 | monetary authoritycollocation in Englishmeanings of monetaryand authorityThese words are often used together. Click on the links below to explore the meanings. Or, see other collocations with authority. monetary adjective uk /ˈmʌn.ɪ.tri/ us /ˈmɑː.nə.ter.i/ finance & economics relating to the money in ... See more at monetary authority noun uk /ɔːˈθɒr.ə.ti/ us /əˈθɔːr.ə.t̬i/ the moral or legal right or ability ... See more at authority Examples of monetary authorityThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. In this case, the gold certificates would be fully backed with gold by the monetaryauthority. The monetaryauthority is assumed to control the nominal interest rate using a policy rule. The monetaryauthority creates new currency by injecting reserves into the banking system. It advocated full employment, nationalization of foreign banks, a desire to make the public sector more profitable and an independent central monetaryauthority. Two examples show that when the economy begins away from this unique steady state, with positive inflation, the monetaryauthority can successfully disinflate. A central island is the only place where all contracts can be enforced and where a monetaryauthority resides. Before deriving this policy formally, a few comments are worth to describe the long run trade-offs faced by the monetaryauthority. It is unlikely that any monetaryauthority acts purely exogenously. The monetaryauthority sets the money growth rate exogenously. For example, the monetaryauthority might be far more concerned about worst-case scenarios than about ensuring that the deviations from target paths are always small. While inflation expectations will be adjusted up or down according to the anticipated policies of the monetaryauthority, real wage behaviour will not be affected. The present paper has assumed that the monetaryauthority keeps the growth rate of nominal money supply constant over time. When consumers expect higher inflations, the monetaryauthority responds by raising the nominal interest rate more than one-for-one with the expected inflation rate. Our results suggest that the monetaryauthority may well be required to adjust its policy with such changes to ensure market stability. The monetaryauthority sets the money growth rate exogenously by injecting reserves into the banking system. In their model, the monetaryauthority desires to reduce unemployment and can do so by creating surprise inflation. However, with rational expectations, private agents recognize that the monetaryauthority has this incentive and adjust their behavior accordingly. The monetaryauthority could issue "gold certificates" instead, to be redeemed at the end of the period for money (gold). This is because the freedom that the national monetaryauthority has to vary domestic interest rates depends on the flexibility of the exchange rate. The monetaryauthority controls the short-term nominal interest rate, and lets the money supply be determined by the bond market. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. Want to learn more? Go to the definition of monetary Go to the definition of authority See other collocations with authority |
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