Sentences with phrase «in macroeconomic policy»

In macroeconomic policy terms this would be a terrible mistake.

Not exact matches

In his spare time he maintains The Street Light, a blog about economics, finance, and public policy, with an emphasis on macroeconomics and international financial issues.

«Under - emphasis of these (structural) policies relative to macroeconomic, trade and financial stability policies is a key reason for many governments» failure in recent decades to mobilize a more effective response to widening inequality and stagnating median income as technological change and globalization have gathered force,» the report said.

«Additional vigilance in terms of macroeconomic management is needed in order to weather any negative impact of those policies, and the best way to do it is to accelerate some of the reforms that need to be introduced,» he added.

PHILADELPHIA, Pa. - Cleveland Fed President Loretta Mester participates in panel «Coordinating Conventional and Unconventional Monetary Policies for Macroeconomic Stability» before the 2018 ASSA / American Economic Association Annual Meeting - 1730 GMT.

While most of his proposals — «to abandon the gold standard, let international exchange rates float, use federal surpluses and deficits as macroeconomic policy tools that could counter cyclical trends, and establish bureaus of economic statistics (including a consumer price index) in order to facilitate this effort» — are now conventional practice, his critique of fractional - reserve banking still «remains outside the bounds of conventional wisdom» although a recent paper by the IMF reinvigorated his proposals.

Suppose, for example, that macroeconomic policy choices convinced businesses to expect faster growth in the demand for their goods and services than they currently do.

Any attempt to do so (for example, by running a much tighter policy in order to constrain domestic demand) would be counterproductive and would detract from the Bank's broader macroeconomic goals.

While there are some signs of recognition such as the Fed's reduction in its estimated neutral rate from 4.5 percent to 3.0 percent during the last 2 years, the IMF's explicit use of the term secular stagnation in its World Economic Outlook, ECB president Mario Draghi's call for global coordination and greater use of fiscal policy, and Japan's indicated interest in fiscal - monetary cooperation, policymakers still have not made sufficiently radical adjustments in their world view to reflect this new reality of a world where generating adequate nominal GDP growth is likely to be the primary macroeconomic policy challenge for the next decade.

As I expect to discuss in subsequent posts, much of what economists thought they knew about macroeconomic policy needs to be reassessed in light of events.

Recent experience has reminded us of the importance of flexibility of both the economy and macroeconomic policy in managing these risks.

The RBA has used larger macroeconomic models in the past, but generally found their performance to be unsatisfactory from a monetary policy perspective.

In part, this is because the large scale of the models diminishes the ability to observe the key macroeconomic relationships central to the policy decision.

I do think that in the long run, one can not intelligently determine macroeconomic policy without maintaining an awareness of electoral politics.

Substantial changes in commodity prices present important policy issues, both for macroeconomic policies working on the demand side of the economy, and for structural policies that work on the supply side.

But they matter a great deal in determining how easy it is for macroeconomic policy to manage the economy's response to the shock.

I do not see a case for a further rate increase on current facts and remain very concerned that macroeconomic policy has inadequately internalized all the aspects of large declines in the neutral real rate and secular stagnation risks.

It suggests that macroeconomic policies can and have provided a measure of counter-cyclical stabilisation, but that they can't serve as a magic bullet to achieve sustained growth in living standards.

Dynamic analysis: An approach to calculating how a tax proposal would affect the economy in the short and long run by determining the policy's macroeconomic effects.

Diverging macroeconomic developments were reflected in diverging monetary policy actions.

Such arrangements are a common and valuable feature of institutional systems in other countries with independent central banks and recognise the importance of macroeconomic policy co-ordination.

Prior to joining U.S. Bank in 2012, Roosevelt was an associate at the Federal Reserve Bank of New York, where he helped shape monetary policy by providing fixed income, foreign exchange and macroeconomic research to senior Federal Reserve officials.

The major shift toward reflationary macroeconomic policy would seem to trump events on the stock market in determining Chinese growth, in our view.

«For the Fed, the underlying momentum is more important in terms of policy decisions, and that looks to be strong, supported by a tightening labor market, rising incomes and high consumer confidence,» Gregory Daco, head of U.S. macroeconomics at Oxford Economics, told Reuters.

High - profile, successful, and gold - agnostic investment - world luminaries assess the macroeconomic risks of radical monetary policies and reach a similar conclusion: This will end badly: — Seth Klarman: «All the Trumans (reference: a 1998 movie [The Truman Show] in which the main character's entire life takes place on a TV set which he perceives as reality)-- the economists, fund managers, traders, market pundits — know at some level that the environment in which they operate is not what it seems on the surface....

In fact, the mainstream theoretical models that we use for monetary and macroeconomic analysis are built on the notion that monetary policy is conducted in a rule - like manneIn fact, the mainstream theoretical models that we use for monetary and macroeconomic analysis are built on the notion that monetary policy is conducted in a rule - like mannein a rule - like manner.

Good macroeconomic policies can, we trust, make some difference at the margin by creating a stable environment in which others can carry out the important work to understand and address these real problems.

More has been asked of central banks, under circumstances in which monetary policy might reach the limits of effectiveness, and yet at a time when it seems the ability of other macroeconomic policies to contribute to growth has lessened.

The pace of growth in the US has picked up over recent months, assisted by very expansionary macroeconomic policy settings and supportive financial conditions.

Researchers interested in exploring the relationship between macroeconomic performance and the quality of monetary institutions should consider augmenting the Fraser and Heritage data with additional institutional indicators, such as measures of central bank independence, the use of monetary policy rules, freedom to use competing forms of money, and exchange rate regimes.

The country suffered significantly when copper prices dipped in 2014 following the end of the commodity cycle, but historically prudent macroeconomic policy has maintained the country's top - tier growth and credit ratings at the pinnacle of the region.

We live in a global economy with a global financial system, yet macroeconomic policy and regulation and supervision have a decidedly national orientation.

At the UK Treasury, appointed Managing Director of Macroeconomic Policy and International Finance in 1999, serving as Permanent Secretary from 2002 to 2005.

In part because human capital in these high quality sectors is deep and specific, so needs to be used to the full in exporting; in part because there are typically strong positive externalities to training and innovation systems from increased exports; in part because a tight fiscal policy constrains wage demands in the public sector from undermining restraint of export sector unions: these countries, as well as Japan and China for similar reasons, want no constraints on their exports through macroeconomic regulatory rules pressuring them to expand consumer demanIn part because human capital in these high quality sectors is deep and specific, so needs to be used to the full in exporting; in part because there are typically strong positive externalities to training and innovation systems from increased exports; in part because a tight fiscal policy constrains wage demands in the public sector from undermining restraint of export sector unions: these countries, as well as Japan and China for similar reasons, want no constraints on their exports through macroeconomic regulatory rules pressuring them to expand consumer demanin these high quality sectors is deep and specific, so needs to be used to the full in exporting; in part because there are typically strong positive externalities to training and innovation systems from increased exports; in part because a tight fiscal policy constrains wage demands in the public sector from undermining restraint of export sector unions: these countries, as well as Japan and China for similar reasons, want no constraints on their exports through macroeconomic regulatory rules pressuring them to expand consumer demanin exporting; in part because there are typically strong positive externalities to training and innovation systems from increased exports; in part because a tight fiscal policy constrains wage demands in the public sector from undermining restraint of export sector unions: these countries, as well as Japan and China for similar reasons, want no constraints on their exports through macroeconomic regulatory rules pressuring them to expand consumer demanin part because there are typically strong positive externalities to training and innovation systems from increased exports; in part because a tight fiscal policy constrains wage demands in the public sector from undermining restraint of export sector unions: these countries, as well as Japan and China for similar reasons, want no constraints on their exports through macroeconomic regulatory rules pressuring them to expand consumer demanin part because a tight fiscal policy constrains wage demands in the public sector from undermining restraint of export sector unions: these countries, as well as Japan and China for similar reasons, want no constraints on their exports through macroeconomic regulatory rules pressuring them to expand consumer demanin the public sector from undermining restraint of export sector unions: these countries, as well as Japan and China for similar reasons, want no constraints on their exports through macroeconomic regulatory rules pressuring them to expand consumer demand.

Mr. Speaker, this year, we have restored macroeconomic stability, which is protecting the value of money in the pockets of ordinary Ghanaians and giving businesses the predictability space to plan and invest, thereby sowing the seeds for economicgrowth and jobs creation.The broad agenda for next year is to translate the stability achieved into shared growth with aggressive policies aimed at creating moreopportunities for jobs.

Mr. Speaker, consistent with our medium - term development policy framework, we have set the following macroeconomic targets for the medium term (2018 - 2021): • Real GDP to grow at an average rate of 6.2 percent between 2018 and 2020; • Inflation to stay within the target band of 8 ± 2 %; • Overall fiscal deficit to remain within the fiscal rule of 3 - 5 percent; • Primary balance expected to improve from a surplus of 0.2 percent of GDP in 2017 and remain around 2.0 percent in the medium term; and • Gross International Reserves to cover at least 4 months of imports.

Mr Dave Ramsden CBE was appointed the Treasury's Chief Macroeconomist and Director of the Macroeconomics and Fiscal Policy Group in 2005.

Mr Ramsden joined the Treasury in 1988 and has worked on a wide range of macroeconomic and microeconomic policy issues relating to the UK and European economies including fiscal and tax policy and public finances, the business sector and labour markets.

I also pointed out that Nigerian manufacturing was already in recession by then and noted that «all major macroeconomic indices are trending negative» including inflation, FX and capital markets, and jobs and warned that «the Nigerian economy exhibits recessionary conditions with Q2 growth approaching one - third of the level just one year earlier» and counselled that «the slide to an actual recession may still be averted with a strong economic team and sound policy».

[5] Lane Kenworthy, professor of sociology at the University of California at San Diego, has stated that Sanders is a social democrat and not a democratic socialist -LSB-...] Mike Konczal, an economic policy expert at the Roosevelt Institute, also characterizes Sanders» positions as «social democracy» rather than «socialist», noting that social democracy means support for a mixed economy combining private enterprise with government spending, social insurance programs, Keynesian macroeconomic policies, and democratic participation in government and the workplace - all of which are a part of Sanders» platform.

«In any case, because of the growing intensity of the shocks and the reduced degrees of freedom for expansionary macroeconomic policies, Latin America and, in particular, South America will experience very weak performance both in 2015 and in 2016.&raquIn any case, because of the growing intensity of the shocks and the reduced degrees of freedom for expansionary macroeconomic policies, Latin America and, in particular, South America will experience very weak performance both in 2015 and in 2016.&raquin particular, South America will experience very weak performance both in 2015 and in 2016.&raquin 2015 and in 2016.&raquin 2016.»

«This is on top of the improvement in other dimensions of macroeconomic policy not analyzed here,» he said.

A deal that sees all major emitters cutting greenhouse gases will be key to driving the needed global investment in low - carbon growth, the commission argues, calling it a «powerful macroeconomic policy instrument» that will send clear signals to businesses and investors.

Monetary and fiscal policies and financial regulation designed to weaken positive feedback are successful in stabilising experimental macroeconomic systems when properly calibrated.»

I hold expertise in all the topics that come under Microeconomics, and some of them are Econometrics, Economic growth, Economic system, Experimental economics, Mathematical economics, Game theory, Market National accounting, Basic macroeconomic concepts, Output and Income Unemployment, Inflation and deflation, Macroeconomic models, Aggregate demand — aggregate supply, Growth models, Macroeconomic policy, Monetary policy, Fiscal macroeconomic concepts, Output and Income Unemployment, Inflation and deflation, Macroeconomic models, Aggregate demand — aggregate supply, Growth models, Macroeconomic policy, Monetary policy, Fiscal Macroeconomic models, Aggregate demand — aggregate supply, Growth models, Macroeconomic policy, Monetary policy, Fiscal Macroeconomic policy, Monetary policy, Fiscal policy, etc..

Combined with the investment strategies that each insurance company has documented in their statement of investment policy and guidelines, they also take into consideration macroeconomic trends and fundamental credit analysis in determining their investment portfolio composition.

So I incorporate as many tools as possible in my analysis, including: Fundamental valuations, macroeconomic models, monetary and fiscal policies, interest rate developments, sentiment and momentum indicators, and chart analysis.

For a real - world example of how a system of market - chosen monetary policy would work in the absence of a central bank, one need not look to the past; the example exists in present - day Central America, in the Republic of Panama, a country that has lived without a central bank since its independence, with a very successful and stable macroeconomic environment.

However, in a world where money earns interest, minimising the uncertainty of macroeconomic policy does not equate to minimising the volatility of inflation.

Previously, Andy spent 17 years in the U.S. Foreign Service, with a diplomatic career focused on China, including as head of the macroeconomics and domestic policy office of the U.S. embassy in Beijing.