| 单词 | monetary policy |
| 释义 | monetary policy A means by which central banks try to affect macroeconomic conditions by influencing the supply of money. Four main options are available: (i) printing more money (now rarely used in practice); (ii) direct controls over money held by the monetary sector; (iii) open-market operations; and (iv) influencing the interest rate. The traditional Keynesian view has been that monetary policy is at best a blunt instrument, while monetarism expresses the opposite view. In practice, governments have tended to employ 'tight' monetary policies, in the belief that this restrains inflation. Compare: |
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