Translation of "Geldpolitische maßnahmen" in English

Unconventional monetary policies have created a massive overhang of liquidity.

It makes policy moves more predictable for the markets over the medium term .

Countries now seem to think that monetary-policy measures are their only option.

The authorities have taken some budgetary and monetary measures to dampen demand.

In the financial crisis, the Bank of England was able to implement monetary policy measures of its own.

Large-scale purchases of sovereign bonds are not the only unconventional monetary policy tool used.

Monetary political steps by the Fed and ECB help to compound the situation.

With interest rates already low, the room for monetary policy is limited.

The proposal also ring-fences refinancing activities, monetary policy and public debt management.

As monetary policy measures affect commercial banks first and foremost, disintermediation alters and disrupts the monetary policy transmission mechanism.

This path is preordained even without additional monetary policy measures and will exert upward pressure on core inflation.

Monetary policy measures usually have asymmetric effects beyond countries, regions, and market participants.

Conventional and unconventional monetary policy measures have helped to absorb the shocks of the euro crisis.

For Helmut Siekmann unconventional ECB monetary policy measures are legally questionable ("Boerse.ARD.de")

Firstly, rapid and forceful financial and monetary policy measures to support the financial sector and the real economy.

The committee therefore proposes, firstly that the ECB should publish a summary minute giving both sides of the argument, for and against monetary actions.

Actually, the initial text of the resolution required that the way that the various members of the Governing Council had voted should be made public following each decision on monetary policy.

To avoid such a spiral , a strong monetary policy action to reaffirm the central bank 's commitment to the maintenance of price stability , thereby helping to stabilise inflation expectations , may be the best response .

The Eurosystem depends on a smoothly functioning banking system through which monetary policy operations can be performed .

In that case, countercyclical policies – both fiscal and monetary – could eventually be expected to plug the demand hole and get the economy going again, just as Keynesians argue.

To avoid any distortion of competition between electronic money issuers, even as regards application of monetary policy measures, it is advisable that these institutions, subject to suitable specific provisions taking into account their special characteristics, be brought within the scope of Directive 2000/12/EC(5).

The Fed’s chairman at the time, Ben Bernanke, reasoned that unconventional monetary policy would drive down long-term rates, inducing investors to shift from high-quality bonds to equities and other risky securities.

But the time has come to push further, including by using the room created by unconventional monetary policies to implement structural reforms that can jump-start growth and create jobs.

This requires a weak currency and conventional and unconventional monetary policies to bring about the required depreciation.

In a previous era, an economic adviser might have recommended specific fiscal and monetary policies – a reduction in fiscal expenditures or a ceiling on credit – geared at restoring macroeconomic balances.

In short, emerging economies have been challenged by externally generated macroeconomic shifts, unconventional monetary policies, widespread volatility, and slow growth in developed markets.

In 1999, despite slightly below-target inflation, high unemployment, and financial-market volatility, the ECB Governing Council did not even consider zero or negative interest rates, much less unconventional policy measures.

Against this background, it is difficult to explain why the ECB continues to insist that unconventional monetary-policy measures – such as negative rates and continued bond purchases – are needed.

Indeed, unconventional monetary policies in the US and other advanced economies have already led to massive asset-price reflation, which in due course could cause bubbles in real estate, credit, and equity markets.