Upcoming: hearings by the House Domestic Monetary Policy Subcommittee discount window lending practices by the Fed.
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Congressman Ron Paul (R-Texas) will be chairman of the House subcommittee on domestic monetary policy.
In your view, that would force governments to absolutely fix their exchange rates and forgo any domestic monetary policy.
The topic of the hearing before the House Financial Services Subcommittee on Domestic Monetary Policy and Technology was rising prices.
On August 2, at the invitation of chairman Ron Paul, I spoke on a panel before the House Committee on Financial Services, Subcommittee on Domestic Monetary Policy.
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What Japan needs is a more expansive domestic monetary policy.
Because of two factors: First, easy domestic monetary policy.
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Congressman Ron Paul (R-TX), chairman of the Subcommittee on Domestic Monetary Policy, has even argued for a return to the gold standard and ultimately the end of central banking in favor of free-market money.
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Its domestic monetary policy is therefore destined to remain moribund for the longest period of time while efforts to resume business as normal in light of rising commodity prices is spurring certain central banks in to a higher gear.
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The speech is now a matter of public record, as are transcripts of the testimony from every hearing the good doctor presided over as chairman of the House Subcommittee on Domestic Monetary Policy and Technology during his final term.
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So long as global consumer-price inflation is low, estimates of spare capacity are high and central banks are willing to "look through" short-term inflation spikes, every country has access to the chief weapon needed to fight the war ultraloose domestic monetary policy.
In contrast, once expectations begin to shift away from continuing yen appreciation and deflation, managing domestic Japanese monetary policy in the transition will be technically intricate.
This example shows one of the problems involved with electronic payments that were outlined today by Snyder and other financial service experts before the U.S. House Subcommittee on Domestic and International Monetary Policy.
Given the difficulties a single currency has created for the conduct of domestic monetary and fiscal policy, Europe's much more immediate pensions problem and its greater exposure to terrorist threats, it is clear that no one would.
Moreover, the independent movement of global markets, which react to factors such as different domestic monetary and fiscal policy cycles, has historically provided considerable diversification benefits when held in combination with US investments (though correlations tend to converge on 1 in periods of financial crisis).
Representative Spencer Bachus, the Republican chair of the House Committee on Domestic and International Monetary Policy, said in a letter to SEC Chairman Arthur Levitt that the regulator should delay the listing by 90 days to give it time to "determine whether sufficient disclosure has been provided to potential investors" in the registration process.
Amid the domestic tightening on the monetary policy side meaning higher interest rates and higher bank reserve requirements as well as weakening external demand thanks to European and American importers, investors have been increasingly worried about the potential sharp slowdown of GDP growth in China in 2012.
And such hard exchange-rate regimes do not offer suitable policy instruments for domestic economic management: Argentina's monetary policy was, in effect, made in Washington and was often inappropriate for Argentina's needs.
This risk is most obvious in those countries mostly emerging markets where domestic conditions call for tighter monetary policy.
They are likely to respond by stimulating their domestic economy directly via easier monetary policy and, hopefully, easier fiscal policy.
With stimulative fiscal and monetary policy bolstering domestic demand, China's current-account surplus has shrunk by two-thirds, from 10% of GDP in 2007.
That might, though, complicate domestic policy, by tightening monetary conditions further.
Following the 1985 Plaza Accord, the Bank of Japan launched an aggressive monetary policy easing to boost domestic demand.
Nonetheless it remains entirely possible for a government to use monetary policy to steer the domestic economy, provided that it is willing to let its currency float.
Of course, the cause of inflation is hard enough to prove in a domestic economy, much less from the monetary policy followed by a central bank in a different country.
However, the agency forecasts emerging market (EM) growth at a still fairly robust 4.9% in 2012, from 5.6% in 2011, bolstered by domestic demand growth and greater fiscal and monetary policy flexibility.
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The combination of higher volumes of domestic oil and gas being pumped and the loosest monetary policy in history should make mid-stream master limited partnerships one of the safest bets for 2013.
Globalisation has not altered the basic limits: monetary policy can be used to regulate the domestic economy or to regulate the exchange rate, but it cannot successfully accomplish both goals at once.
Hence they import American monetary policy, which may be too loose for their domestic conditions.
In order to stoke domestic demand for the bonds, the government announced a loosening of monetary policy in April, cutting the bank reserve requirement and interest rates.
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