In view of the need for structural adjustment, the PBC should maintain a tight monetary stance.

Japan s recent election hinged critically on Abe s views of the Bank of Japan s monetary policy stance.

Once nominal interest rates cannot be lowered further, central banks use other tools to determine the monetary policy stance.

This stance reflects the Fed s dual mandate, according to which monetary policy targets maximum employment consistent with price stability.

Worried about worsening inflation and a budding real estate bubble, the People s Bank of China (PBC, the central bank) gradually tightened its monetary stance.

However, while financial stringency proved attractive to foreign investors, a tight monetary and fiscal stance did little to stimulate domestic investment or to improve export prospects.

That policy, almost instantly dubbed Abenomics, comprises what have been called the three arrows bold monetary policy, an expansionary fiscal stance, and structural reforms to stimulate private investment.

Merkel is not the first German politician to adopt a hardline stance on monetary policy and debt nor is she the first to face a torrent of international criticism.

Non standard measures were required to ensure that the monetary policy stance would be more effectively transmitted to the broader economy, notwithstanding the dislocations observed in some financial markets.

But, whatever the level of nominal interest rates, the monetary policy stance established in this way has often been poorly transmitted to the economy, particularly in times of acute crisis.

The final knockout which would occur if the Financial Policy Committee (FPC) judges that the stance of monetary policy poses a significant threat to financial stability points to the third problem.

The BIS argues in favor of fiscal restraint, debt restructuring if needed, and swift normalization of monetary policies quite explicitly criticizing the US Federal Reserve s caution and the European Central Bank s aggressive stance.

Japan adopted a similar stance.

That is an unconvincing stance.

That they share the same life stance and membership in a life stance organization does not change this situation.

Britain s stance holds lessons for today.

Yet this stance has become untenable.

Other American politicians took the same stance.

This stance is perplexing and possibly dangerous.

The US stance has been entirely different.

When should this stance change if not now?

This stance conveniently avoided rows with oil dictators.

As for the Church's stance, the blogger notes

2.2 At the same time, pupils so exempted had the right to participate in a non denominational alternative life stance subject life stance knowledge .

Not surprisingly, that stance has further inflamed Korean emotions.

There is a third explanation for Germany s particular stance.

But neither diplomatic stance is likely to continue indefinitely.

Catastrophic events like Hurricane Katrina have reinforced this stance.

Of course, my book cannot be the Mexican stance.

Our memories will forever behold his sayings and stance.

Japan s incoming government has already signaled an economic policy pivot, relying on what it directly controls (fiscal policy), together with pressure on the Bank of Japan, to relax the monetary policy stance, in an effort to generate faster growth and higher inflation.

They used careful historical analysis to identify and focus on cases in which the policy stance changed for reasons not having to do with the current state of the economy. Doing so allowed them to isolate the impact of monetary shocks on growth.

To be fair, there have been exceptions to this stance.

Bahraini blogger emoodz discusses his country's stance on the environment.

Tunisian writer Gilbert Naccache also criticized the proclaimed democrats' stance

In view of the need for structural adjustment, the PBC should maintain a tight monetary stance. But, with a coming decline in headline inflation and mounting concerns about growth, the PBC is likely to prove a bit more accommodating in the second half of 2011.

Yet this is exactly the stance of the European Central Bank, which is treating the euro zone as if its financial sector was somehow decoupled from the rest of the economy and running a different monetary policy for each sector at the same time.

America s stance on military aid to Indonesia is but one example.

Google s adamant stance on Chinese censorship may have been well intentioned.

By the way, I don t have a particular stance on the issue.

Massive stimulus and intervention the US Federal Reserve s current stance is unavoidable.

The fourth lesson follows from Sarkozy s stance as a classical ultra liberal.

3.1 Unn and Ben Leirvåg have a non religious humanist life stance.

6.2 Kevin did not start school with a fully developed life stance.

Monetary Mystification