In particular, Banks of Canada, Finland, and Switzerland construct their financial conditions index based on their monetary conditions index.

特别是加拿大、芬兰、瑞士等国的中央银行都在本国货币条件指数的基础上构建了金融条件指数。

youdao

However, Bill Dudley, Goldman's chief economist in New York, suggests that the conventional monetary-conditions index is misleading, because it ignores the stockmarket.

ECONOMIST: Loose change

However, Bill Dudley of Goldman Sachs argues that if the monetary-conditions index is adjusted to take account of the stockmarket, it paints a very different picture.

ECONOMIST: The stockmarket economy

For example, the Goldman Sachs monetary-conditions index (based on a weighted average of short-and long-term interest rates and the trade-weighted exchange rate) suggests that America's monetary policy is currently at its tightest since 1989, largely reflecting the strong dollar.

ECONOMIST: The stockmarket economy