An independent monetary policy requires a flexible exchange rate, not a revaluation.

What China really needs is a truly independent monetary policy oriented to domestic objectives.

The delegation of monetary policy to an independent central bank is the archetypal example in the service of price stability, daily management of monetary policy is insulated from politics.

I don t think monetary policy, even unorthodox monetary policy, can do the job.

China s Monetary Policy Surprise

China s Monetary Policy Choice

Otherwise, China s central bank must focus on keeping the exchange rate stable and doesn t have a truly independent monetary policy.

Call them fiscal policy, credit policy, monetary policy, and inflation.

Why is Monetary Policy Underrated?

We call this monetary policy.

Shinzo Abe s Monetary Policy Delusions

Entrusting monetary policy to an independent central bank promised to be a perfect way to counter the political pressure to print money.

1. Strongly anti inflationary monetary policy.

Standards for Non Standard Monetary Policy

1. Strongly anti inflationary monetary policy.

The West s Punch Bowl Monetary Policy

What Monetary Policy Does China Need?

The Bank of England s Monetary Policy Committee has often been presented as a pioneer in making monetary policy transparent.

Is US Monetary Policy Made in China?

The same dangers arise for monetary policy.

Having an independent monetary policy that could counteract boom and bust cycles would be the best way for China to deal with such risks.

The discussion of monetary policy is especially divisive.

Its fear of wayward monetary policy is not.

Finally, monetary policy has been far too loose.

While monetary policy conducted by independent bureaucrats is imperfect, handing over effective control to congressmen with one eye on the next election would be infinitely worse.

Contrary to those who regard the discussion of an alternative monetary framework as premature, there are good reasons for China to begin right now to build the institutional foundation for the transition to an independent monetary policy.

Expansionary monetary policy in such an environment might fail.

That leaves only monetary policy to support economic activity.

But monetary policy had little to do with it.

7 11 February 1993 Research Advice on monetary policy

And the Fed has continued its low interest monetary policy.

The Fed will clarify the direction of US monetary policy.

Monetary policy is a more complex and difficult balancing act.

The objectives of the new monetary policy approach are admirable.

The transatlantic divide is evident with respect to monetary policy.

A monetary policy at war with itself cannot long endure.

Monetary policy, incidentally, did not feature prominently in Bernanke s diagnosis.

The policy on foreign aid is an independent area of German foreign policy.

Because fiscal policy did not stimulate the economy, a greater burden was placed on monetary policy.

That was why monetary policy could be managed with greater flexibility.

Those countries whose economies remain relatively weak oppose tighter monetary policy.

But it s easy for politicians to be irresponsible about monetary policy.

The standard way to fight incipient depressions is through monetary policy.

Japan s monetary policy, one hopes, will focus on such critical issues.

(The same can be said of recent Japanese monetary policy decisions.)