asterisk2a + guidance   5

▶ Breakingviews: Austrian Banks - Europe's next problem child? - YouTube
min 2:20 ... Central Banks trying to prep markets that QE and ZIRP has to end; forward guidance.
QE  monetary  policy  2013  communication  Fed  modern  monetary  theory  monetary  theory  forward  guidance  ZIRP  Taper  BOE  ECB  centralbanks 
september 2013 by asterisk2a
Carney: BOE to consider more stimulus if financial conditions tighten or recovery risks falling short | ForexLive
http://www.bankofengland.co.uk/publications/Documents/speeches/2013/speech675.pdf >> Comments from Bank of England Governor Mark Carney: Upward move in market expectations of BOE rates could, at margin, affect real economy BOE’s forward guidance was clear that we would provide more stimulus if necessary Signs are the UK recovery is broad based, set to continue Period of growth needed to begin to reduce space capacity meaningfully Depressed output, temporary inflation factors mean it is right to bring inflation back to target more slowly Nobody should assume 7% unemployment is trigger for rate hike Unemployment must be at least 7% for hike BOE to reduce required liquid asset holdings for major banks meeting 7% capital thresholds Acutely aware of unsustainable credit and house price growth, will monitor it closely
QE  ZIRP  NIRP  BOE  2013  greatdepression  monetary  policy  communication  Mark  Carney  UK  greatrecession  forward  guidance 
august 2013 by asterisk2a
What The ECB's "Unprecedented" Forward Guidance Means | Zero Hedge
Europe struck in credit crisis - liquidity trap. & other problems - Politics / Brussels - one to mention. >> "The move clearly marks an innovative step in the ECB's communication and policy strategy for a bank that previously had always refused to pre-commit on interest rates." >> Problem is - ECB will have it hard to maneuver out of the measures, end schemes, etc. "Monetary Policy is no Panacea." Ben Bernanke. + >> http://www.zerohedge.com/news/2013-07-04/diminishing-effects-qe-programs
unemployment  monetary  policy  modern  monetary  theory  Europe  M3  zombie  banks  monetary  transmission  mechanism  banking  crisis  Structural  Impediments  creditcrisis  QE  PIGS  debt  monetisation  imbalance  political  error  creditcrunch  forward  guidance  trustagent  austerity  Taper  greatdepression  zombie  consumer  deleveraging  debt  monetization  balance  sheet  recession  Politics  PIIGSFB  GFC  MarioDraghi  output-gap  European  Commission  Euro  liquidity-trap  Troika  ECB  monetary  system  political  folly  bank  crisis  greatrecession  debtoverhang  OMT  NIRP  communication  trust  economic  history  Super  Cycle  confidence  sovereign  debt  crisis  unconventional  monetary  policy  escape  velocity  ZIRP  PIIGS  Germany 
july 2013 by asterisk2a
Mark Carney wastes no time in stamping his authority - Telegraph
Osborne fiscal plan of austerity till 2015/16 Rates don't go up beyond 2015 If market rates go up and make it more expensive for gov to borrow during tough times - will do QE - artificially lower the price again. >>> "Carney’s “not warranted” comment was tantamount to saying he expects rates to remain at 0.5pc until at least 2015. The vogue for “communication” is catching. In Australia, the central bank governor, Glenn Stevens, demonstrated how not to do it, after a “joke” backfired earlier this week, crashing the currency until his deputy calmed things down. [...] At the European Central Bank, president Mario Draghi was more successful. In a break with protocol, he said rates would be at current or lower levels “for an extended period of time”, delighting stock markets on the continent as they interpreted it to mean 2016 at the earliest."
currency  debasement  unemployment  monetary  policy  currency  war  Mark  Carney  modern  monetary  theory  Europe  MarioDraghi  output-gap  foreignexchange  BOE  ECB  benbernanke  greatrecession  QE  NIRP  2013  Fed  communication  PIGS  UK  debt  monetisation  sovereign  debt  crisis  youth  unemployment  forward  guidance  unconventional  monetary  policy  austerity  ZIRP  participation  rate  Taper  PIIGS  greatdepression  deleveraging  RBA  GeorgeOsborne  debt  monetization  centralbanks  balance  sheet  recession 
july 2013 by asterisk2a

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