A Quote by Janet Yellen

Beyond monetary policy, fiscal policy has traditionally played an important role in dealing with severe economic downturns.

Janet Yellen

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Beyond Dealing Economic Economic Downturn Fiscal Fiscal Policy Important Important Role Monetary Monetary Policy Played Policy Role Severe

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Janet Yellen
American - Public Servant
Born: August 13, 1946

... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.

Warren Buffett

I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.

Paul Krugman

Fiscal policy, monetary policy, they need to work together to try and raise the level of growth.

Joe Hockey

I believe, unlike people that are totally free-market, laissez-faire fundamentalists, that there is an important role that the government can play - one, in providing public goods, whether it's education, health care, or other things, and two, supervising countercyclical policy - stimulus, whether it's monetary, fiscal, or otherwise.

Nouriel Roubini

Fiscal policy is a very important part of the tool kit for policy makers.

Gita Gopinath

When there's downward pressure on growth, one choice is to adjust economic policy, increase deficits, relax monetary policy. That might have a short-term benefit, but may not be beneficial for the future.

Li Keqiang

As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.

Timothy Geithner

Of course I welcome all the normalization of monetary policy. I think monetary policy should be normal.

Elvira Nabiullina

I'm not trying to be diplomatic. I'm trying to be more nuanced and realistic. I think there has to be a serious examination of the shortcomings of the Euro structure. Euro central institutions, whether it be fiscal policy, monetary policy, financial regulation, are simply not as robust as they are in a currency that has a national government behind it.

Stephen Harper

That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we will allow other economic agents, both domestic and foreign, to compete with them.

Vaclav Klaus

Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and less costly in terms of increased debt burden when interest rates are pinned at low levels.

Ben Bernanke

Watch out Mr. Bush! With the exception of economic policy and energy policy and social issues and tax policy and foreign policy and supreme court appointments and Rove-style politics, we're coming in there to shake things up!

Tom Toles

There is a very serious fiscal-policy question of, 'Are we running our overall fiscal policy such that we as a government can pay our bills?'

Jack Lew

Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effective lower bound.

Ben Bernanke

The theory of economic shock therapy relies in part on the roleof expectations on feeding an inflationary process. Reining in inflation requires not only changing monetary policy but also changing the behavior of consumers, employers and workers. The role of a sudden, jarring policy shift is that it quickly alters expectations, signaling to the public that the rules of the game have changed dramatically - prices will not keep rising, nor will wages.

Naomi Klein

We need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags. This means that policy makers cannot wait until they have achieved their objectives to begin adjusting policy.

Janet Yellen

A Quote by Janet Yellen

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