首页
登录
职称英语
Central bank independence has to do with monetary policy’s effects in the sh
Central bank independence has to do with monetary policy’s effects in the sh
游客
2023-10-14
22
管理
问题
Central bank independence has to do with monetary policy’s effects in the shot run and the long run. In the short run, an "【21】" monetary policy can stimulate the economy to grow faster and to lower the【22】rate. In the long run, output and unemployment depend on real factors such as population growth and improvements in technology, and【23】.
One way to insulate monetary policy from day-to-day political【24】is to give the central bank greater independence. In this respect, the Federal Reserve or Fed ranks toward the top among the world’s central banks.
First, the Governors on the Board are appointed to【25】year terms. They are nominated by the U.S. President and confirmed by the【26】.
Second, the Reserve Bank Presidents are selected by our Reserve Bank’s Board of Directors and approved by the Board of Governors. This provides further insulation from【27】politics.
Third, the Fed covers its own operating expenses, so it isn’t dependent on Congressional【28】. However, Fed is not free of【29】to the government. In fact, the phrase usually used to describe the Fed is "independent within government. "
There is a way beyond such【30】means to make monetary policy even more independent of political pressure to inflate, because the Congress gives the Fed a clear statement that low inflation is its goal. In fact, a number of other countries recently gave their central banks specific low-inflation goals. [br]
Central bank independence has to do with monetary policy’s effects in the shot run and the long run. In the short run, an "easy" monetary policy can stimulate the economy to grow faster and to lower the unemployment rate. In the long run, output and unemployment depend on real factors such as population growth and improvements in technology, and productivity.
One way to insulate monetary policy from day-to-day political pressures is to give the central bank greater independence. In this respect, the Federal Reserve or Fed ranks toward the top among the world’s central banks.
First, the Governors on the Board are appointed to 14 year terms They are nominated by the U.S. President and confirmed by the Senate.
Second, the Reserve Bank Presidents are selected by our Reserve Bank’s Board of Directors and approved by the Board of Governors. This provides further insulation from partisan politics.
Third, the Fed covers its own operating expenses, so it isn’t dependent on Congressional appropriations. However, Fed is not free of accountability to the government. In fact, the phrase usually used to describe the Fed is "independent within government. "
There is a way beyond such structural means to make monetary policy even more independent of political pressure to inflate, because the Congress gives the Fed a clear statement that low inflation is its goal. In fact, a number of other countries recently gave their central banks specific low-inflation goals.
选项
答案
Senate
解析
the Senate参议院,上院。
转载请注明原文地址:https://tihaiku.com/zcyy/3096324.html
相关试题推荐
Thespokesmanadmittedthatthegovernment’sthoughtlesspolicyhadcausedacri
Thespokesmanadmittedthatthegovernment’sthoughtlesspolicyhadcausedacri
HowmanypeoplehavebeenkilledsinceIslamistsbegantofightforindependence
HowmanypeoplehavebeenkilledsinceIslamistsbegantofightforindependence
HowmanypeoplehavebeenkilledsinceIslamistsbegantofightforindependence
WhatistrueaboutthethreecentralcharactersinReturntoNothing?[br][ori
WhatistrueaboutthethreecentralcharactersinReturntoNothing?[br][ori
WhatistrueaboutthethreecentralcharactersinReturntoNothing?[originalt
WhatistrueaboutthethreecentralcharactersinReturntoNothing?[br][ori
WhatistrueaboutthethreecentralcharactersinReturntoNothing?[br][ori
随机试题
Educationinmostofthedevelopingworldisshocking.HalfofchildreninS
关于漫反射材料特性叙述中,()是不正确的。A.受光照射时,它的发光强度最大值
假设有5个进程共享一个互斥段X,如果最多允许2个进程同时进入互斥段X,则信号
患者,女,52岁。发现右颈部肿物来诊。查体:甲状腺Ⅱ度肿大,右侧肿物中等硬,有压
(2019年真题)证券公司自有资金参与单个集合计划的份额,不得超过该计划总份额的
治疗风火牙痛,除选取主穴外,应加用的腧穴是( )。A.太溪、行间 B.太溪、
甲房地产开发公司将商品房预售给张某,合同约定建筑面积110m2,单位建筑面积价格
Thechangeinthatvillagewasmiraculou
关于颞下颌关节紊乱病的特点,叙述错误的是A.常见症状是疼痛,下颌运动异常和杂音
计入建筑安装工程造价内的营业税,其税额为()的3%。A.直接费+间接费
最新回复
(
0
)