It would be hard to do worse than the Fed did;
they amplified economic shocks — they did not mute them.
Not exact matches
Secondly, higher leverage means that negative
shocks to income are more likely to be
amplified as they work their way through the
economic system.
In its recent synthesis report, the Intergovernmental Panel on Climate Change (IPCC) says there is «medium confidence» that climate change can indirectly increase risks of violent conflict by
amplifying poverty and
economic shocks.
But even if it were true that climate change could «
amplify» «poverty» and «
economic shock» we are no better informed about the degree of amplification for any given amount of global warming.
And then there is the problem of identifying the extent to which conflicts have been «driven» by poverty and
economic shocks,
amplified or not.
The IPCC's rebuttal that climate change can «
amplify» the «well - documented drivers of conflicts such as poverty and
economic shocks» is equally bogus.
In fact the Summary says that climate change can indirectly increase risks of violent conflicts by
amplifying factors such as poverty and
economic shocks.