We campaign vigorously for recognition
by policymakers of the value and benefits of play because the evidence of its benefits is irrefutable.
Her counsel is sought by organizations across our field and
by policymakers of all stripes.
The main question now is whether this transformation will be permanent, or, as has been promised
by policymakers of late, just a temporary blip in the history of banking that could soon go away.
Not exact matches
With unemployment falling steadily through the year, there has been less justification for crisis - era policy, and a sense among
policymakers that they could balance the higher rates sought
by «hawks» with a slow pace
of subsequent increases.
That debate takes place internally at the central bank, where contrasting views are regularly articulated
by members
of the Federal Open Market Committee (FOMC) as our Federal Reserve (Fed)
policymakers attempt to steer monetary policy with regard to interest rates.
Searchers,
policymakers, aviation experts: «All
of those layers
of people are affected
by this process and all
of the emotion that goes along with it.»
Dithering on the part
of policymakers on a cohesive digital strategy
by federal politicians didn't help either, the Internet Association suggests.
The Newspaper Association
of America said in a statement in June it was «deeply disappointed» in Wheeler's proposal, saying it was «stunned that any
policymaker in the internet era would propose to keep a 1970s - era law that prevents broadcast stations and newspapers from being owned
by the same company.»
Before
policymakers and pundits conclude that the rise in student loans is the cause
of the decline in rates
of entrepreneurship among millennials — and decide that debt relief is the way to boost entrepreneurial activity among young people today — they should consider that waning interest in entrepreneurship predates the student loan crisis
by many years.
The report's author, Professor Sir John Beddington, wrote that «commonly held negative perceptions surrounding HFT are not supported
by the available evidence» but said that «
policymakers are justified in being concerned about the possible effects
of HFT on instability in financial markets.»
If Fed Chair Janet Yellen wants to prove that
policymakers are not being pulled along
by investors who for years have second - guessed them, this week may offer a rare moment
of calm to do so.
While policy doves like Rosengren currently hold sway over Chairman Ben Bernanke and the majority
of Fed
policymakers, minutes from last month's policy meeting suggest the quantitative easing program could draw to a close
by year end, earlier than some economists had expected.
Analysts said that although steps taken
by the European Central Bank and European
policymakers last year, such as formally setting up a bailout fund to provide assistance to troubled member states, provided a degree
of support to markets, the euro now looked poised for a period
of volatility.
According to new research on the role
of the U.S. dollar from Harvard, cited
by Fed Vice Chairman Stanley Fischer, the U.S. economy is fairly insulated from foreign inflation / deflation pressures via exchange rates, implying that
policymakers should be less worried about global deflation pressures.
The IMF's October, 2012 World Economic Outlook (WEO), «Coping with High Debt and Sluggish Growth» is a must read for anyone who wants a realistic and independent assessment
of global economic prospects, the challenges confronting
policymakers, and the risks to global economic growth that are increasing
by the month.
All in all, we believe eurozone bond yields may move a little higher, but any increase is likely to be capped
by the ECB's ongoing level
of purchases, at least until
policymakers start to signal their next steps on monetary policy later in the year.
The Initiative is informed
by regular meetings
of experts in the sector,
policymakers and supporters engaged in the financial services sector, including financial intermediaries, securities market participants and their regulators, among others.
On Wednesday, President Donald Trump is set to unveil a framework for tax reform, building off work done
by the so - called Big Six: a group
of top tax
policymakers in the Trump administration (Treasury Secretary Steve Mnuchin and National Economic Council director Gary Cohn), the Senate (Majority Leader Mitch McConnell and Finance Committee chair Orrin Hatch), and the House (Speaker Paul Ryan and Ways and Means Committee chair Kevin Brady).
We were highly impressed
by the technical solution
of the company and its proven ability to have real impact on the decisions
of municipal
policymakers and their citizens.»
By conducting policy in a transparent way and communicating what is important in determining the central bank's reaction function, I think
policymakers can strike the best balance between a monetary policy that fully incorporates the complexity
of the world as it is, while, at the same time, retaining considerable clarity about how the FOMC is likely to respond to changing circumstances.
A Wall Street Journal analysis
of some 700 forecasts on GDP growth, jobs and inflation made
by the Fed's top
policymakers between 2009 and 2012 shows Yellen has been the most accurate prognosticator.
And over the long term, the ability to defend against the impact
of such crises can be improved
by the banks themselves, as well as
by the
policymakers and regulators.
Chinese
policymakers are eager to fuel wider adoption
of blockchain technologies
by setting up framework and standards.
Premier Li Keqiang on Wednesday said China can meet the major economic goals this year and
policymakers will not be distracted
by short - term fluctuations
of individual indicators.
Greek Prime Minister Alexis Tsipras will meet senior European officials later in the day in Brussels, where he is expected to hear the terms
of a plan drawn up this week
by top
policymakers including German Chancellor Angela Merkel.
But I would argue that nothing has really changed in
policymakers» attitudes towards spending, that the federal fisc has been rescued
by the happy accident
of aggressive revenue collection and decent economic growth.
With an initial focus on education and health care, the Christensen Institute is redefining the way
policymakers, community leaders, and innovators address the problems
of our day
by distilling and promoting the transformational power
of disruptive innovation.
Policymakers in countries across the globe face a dilemma: risk an economic crash
by stepping away from their maligned economies, or provide their debt - addicted with another dose
of stimulus.
Policymakers need not be the passive victims
of revisions to the economic data they are scrutinizing, according to a report
by the C.D. Howe Institute.
The market - implied path
of interest rates for the coming 12 months has lagged that indicated
by the Federal Open Market Committee (FOMC)
policymakers.
Automatic stabilizers: Features
of government tax and transfer systems that temper the economy when it overheats and provide economic stimulus when the economy slumps, without direct intervention
by policymakers.
Automatic stabilizers are features
of the tax and transfer systems that temper the economy when it overheats and provide economic stimulus when the economy slumps, without direct intervention
by policymakers.
Overall, our work suggests that stability in financial markets might be improved
by considering how social, environmental and procedural factors such as the release
of important financial information may impact the hormone levels
of traders participating in those markets, and therefore could be
of benefit to
policymakers intent on developing more efficient institutions.
THE COST
OF INSTABILITY By Justin Keay The full effects of recent upheavals and unrest in Turkey have not yet been felt, and policymakers have some serious work ahead to bring markets back in order and reassure investors.
OF INSTABILITY
By Justin Keay The full effects
of recent upheavals and unrest in Turkey have not yet been felt, and policymakers have some serious work ahead to bring markets back in order and reassure investors.
of recent upheavals and unrest in Turkey have not yet been felt, and
policymakers have some serious work ahead to bring markets back in order and reassure investors...
Although the annual meeting is run
by a Swiss non-profit organization, the World Economic Forum is typically viewed as a conference for the establishment where central bankers and
policymakers can promote traditional theories
of economic development and monetary policy.
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.
In recognizing the catalysts behind the public's persistence to save and reluctance to spend, additional analysis
by policymakers should focus on the efficacy
of further rate cuts on spending and investment, as well as potential «roundabout» benefits
of a more normal rates regime to affirm support toward the public's saving objectives, with the end goal
of boosting public's risk sentiment and perceptions
of future economic stability.
Some
policymakers responded to the global uncertainty and downside risks to inflation
by revising down their economic projections, but a number
of market participants went a step further to call the central bank's decision to begin policy normalization in December 2015 a «policy mistake.»
By skillfully managing demand,
policymakers could aspire to reduce the amplitude
of the fluctuations — and although they could determine the average rate
of inflation, they could not raise the average level
of output.
The IMF collected and compiled information about efforts
by regulators and
policymakers across the globe, but the organization seems just as uncertain as the rest
of us regarding the future
of cryptocurrencies and blockchain technology.
As
of yet, none
of these principles has been fully accepted
by policymakers in the advanced industrial world.
That's the conclusion
of a study released Monday
by Navigant Research, which sells its in - depth surveys
of energy and transportation markets to suppliers,
policymakers and other industry stakeholders.
His 2009 book with Carmen Reinhart, This Time is Different: Eight Centuries
of Financial Folly has been widely cited
by academics,
policymakers and journalists, while its massive data set has been extensively used
by researchers worldwide.
The June FOMC surprised on the dovish side as
policymakers reacted to the unexpected slowdown in the labor market, renewed weakness in market - based inflation compensations, as well as rising likelihood
of a «Brexit»
by revising down their SEP «dots.»
According to this view, since
policymakers would not accept permanently rising rates
of inflation, economies would tend to fluctuate around a natural rate
of unemployment, determined
by factors such as labor flexibility, the availability
of benefits, and the effectiveness
of hiring and job searches.
However, the majority
of policymakers (certainly the «core» group within the FOMC led
by Chair Yellen and New York Fed President Dudley) believe that monetary policy is not a suitable tool to address financial stability risk.
Some would argue that
by acting cautiously on balance sheet normalization (without actively countering impacts
of ECB policy measures), Fed
policymakers have partially ceded control
of financial conditions to foreign monetary authorities, but the same can be said about other central banks as well, for long - term rates are correlated among advanced economies:
As had been widely expected, at the ECB's meeting in late October,
policymakers outlined their plans to reduce the monthly bond purchases carried out
by the central bank as part
of its QE program.
In February, Mexico's central bank launched a US$ 20 billion currency hedging program — broadly similar to a policy used in 2015
by Brazilian
policymakers to stem a fall in the Brazilian real — which had the advantage
of providing support for the peso without draining the country's foreign - exchange reserves.
We concur with recent comments
by Fed
policymakers that US economic weakness seen in first - quarter data is likely to be transitory, and that activity should pick up over the rest
of the year.