“Fiscal relief may be the ammunition necessary to drive consumption expenditure but with it not being accompanied by aggressive monetary relief, growth in household consumption expenditure is showing signs of consolidation.”
Colen Garrow
“Japan's big problem was that fiscal stimulus was not there. They haven't coordinated monetary policy with fiscal policy. That's what we're doing differently, and that's why we won't have the same problem.”
Robert MacIntosh
“The Bank of Japan is not going to be changing its monetary policy before the fiscal year end on March 31. As corporations close down their books, they don't want any pronounced movements in the dollar-yen rate.”
Michael Woolfolk
“the ideal [monetary] situation is when changes in policy do not take the market by surprise.”
William Poole
“Monetary economists have not yet developed a formal rule that is likely to have better operating properties than the Fed's current practice, ... Greenspan rule.”
“The rise in output prices ... will not ruffle the doves unduly when the Monetary Policy Committee meets next month to decide on interest rates.”
Daragh Maher
“The Monetary Policy Committee is back facing a familiar dilemma a housing market that is recovering well, with households not afraid to take on more debt, but real economy and inflation numbers which are much softer.”
Geoffrey Dicks
