Sentences with phrase «behaves in a systematic manner»

The four sinks, which are regions of the Earth within which carbon behaves in a systematic manner, are the atmosphere, terrestrial biosphere (usually including freshwater systems), oceans, and sediments (including fossil fuels).

Not exact matches

The monetary policy debate over whether rule - like behavior is preferable to pure discretion dates back at least to Henry Simons in 1936.1 More recently, in their Nobel Prize - winning work, Finn Kydland and Ed Prescott demonstrated that a credible commitment by policymakers to behave in a systematic rule - like manner leads to better outcomes than discretion.2 Since then, numerous papers using a variety of models have investigated the benefits of rule - like behavior in monetary policy and found that there are indeed significant benefits.