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
2024-08-08
11
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
easy
解析
转载请注明原文地址:https://tihaiku.com/zcyy/3710937.html
相关试题推荐
Thespokesmanadmittedthatthegovernment’sthoughtlesspolicyhadcausedacri
HowmanypeoplehavebeenkilledsinceIslamistsbegantofightforindependence
HowmanypeoplehavebeenkilledsinceIslamistsbegantofightforindependence
SanFranciscoislocatedonthecentralpartoftheCaliforniashoreline.Itis
WhatistrueaboutthethreecentralcharactersinReturntoNothing?[br][ori
WhatistrueaboutthethreecentralcharactersinReturntoNothing?[br][ori
WhatistrueaboutthethreecentralcharactersinReturntoNothing?[br][ori
WhatistrueaboutthethreecentralcharactersinReturntoNothing?[br][ori
WhatistrueaboutthethreecentralcharactersinReturntoNothing?[originalt
WhendidEastTimorwinindependence?[originaltext]Lessthanayearafters
随机试题
[originaltext]W:IusedtothinkflyingwasveryexcitinguntilonceIwentto
ForthousandsofyearscometshadbeenamysterytoS
[originaltext]W:Sam,couldyoureviewtheresultsofthesurveyonleisurespo
仅限于会员国政府之间和IMF与成员国之间使用的储备资产是A.黄金储备 B.外汇
以10m/s的速度行驶的汽车,紧急刹车后加速度的大小是4m/s2,则(
对该车道路面导向箭头指示直行。
生后20天小儿,父母为近亲结婚,其兄2岁,智力低下,表情呆滞,常发生抽搐,腱反射
阿托品用药过量急性中毒时,正确的治疗药是A、去甲肾上腺素 B、毛果芸香碱
根据《药品进口管理办法》及相关修正规定,药品进口单位包括经营单位、收货单位和报验
【教材已删除】下列材料损耗,应计入预算定额材料损耗量的是()。A.场外运输
最新回复
(
0
)