首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
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】"
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】"
admin
2011-03-05
38
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.
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://kaotiyun.com/show/v6yK777K
本试题收录于:
A类竞赛(研究生)题库大学生英语竞赛(NECCS)分类
0
A类竞赛(研究生)
大学生英语竞赛(NECCS)
相关试题推荐
TheprofessortalksaboutthehousewhileheisshowingSaraharound.
Atmoviepreview,reportersareoftensearchedbeforeenteringatheatre.Ifcamerasorcamcordersarefound,securityguardsta
Howdidthemangetthetickettotravelintospace?
(81)Thetwentiethcentury,perhapsmorethananyother,markedaperiodwherearchitectsexperimentedwithformandtooktheiri
It’snotalwayseasytodecidewhichsportto【66】t______up.Whenchoosing,itisimportanttorememberthatexcellenceinsport
Whichthree-letterword,whenplacedinthebrackets,formstwodifferentwords;onewiththeletterontheleftoutsidethebra
Findthemissingnumber.
Manystudentsfindtheexperienceofattendinguniversitylecturestobeaconfusingandfrustratingexperience.Thelecturerspe
SummaryListentothepassage.Forquestions26—30,completethenotesusingnomorethanthreewordsforeachblank.Professor
WhenpointGisadded,DEFGisasquare.WhatarethecoordinatesofpointG?
随机试题
【B1】【B3】
代表“观测者操作曲线”的英文缩写是
楼地面隔离层的作用是两个,一个是防水防潮,一个是()。
某施工单位承接了一条二级公路施工任务,其中有一座跨越河流的大型桥梁。由于项目工期紧,临时便桥的修建不能短期完成,且河水很深,河床泥土松软,桩基承载力不够且施工困难。施工现场紧邻居民区,因生产工艺要求,确需在夜间进行超过噪声标准施工。在项
如果投保人逾期不交纳保险费,保险人能否强制投保人交纳,应该()
甲公司以库存商品A产品、B产品交换乙公司原材料,双方均将收到的存货作为库存商品核算。甲公司另向乙公司支付补价45万元。甲公司和乙公司适用的增值税税率为17%,计税价值为公允价值.有关资料如下:甲公司换出:①库存商品一A产品:账面成本18
在Access数据库对象中,体现数据库设计目的的对象是()。
Cultureshockmightbecalledan【1】diseaseofpeoplewhohavebeensuddenly【2】abroad.Likemostailments,ithasitsown【3】andc
NowElaineregrets______hardenoughwhileinthemiddleschool.
Afireisalwaysexcitinganddangerous.Peoplecrowdaroundtowatchthesmoke,theflames,andthefirefighters,whoriskthe
最新回复
(
0
)