The AG solves the question on whether the ECB has therefore exceeded its powers by indirectly adopting
economic policy measures by way of adding a condition to his final judgment, namely that no excess of power had taken place: The ECB must refrain from any direct involvement in the financial assistance programmes to which the OMT program is linked.
These programmes undoubtedly contain
economic policy measures — which is one reason why they are based on the ESM Treaty outside the EU treaties.
Even though the stability of the euro area may have repercussions on the stability of the currency used within that area,
an economic policy measure can not be treated as equivalent to a monetary policy measure for the sole reason that it may have indirect effects on the stability of the euro.»
In his opinion on the OMT programme, the AG builds on the Pringle precedent and argues that the Court's ruling can be applied mutatis mutandis in this case, namely that «a monetary policy measure does not become
an economic policy measure merely because it may have indirect effects on the economic policy of the Union and the Member States.»
Not exact matches
That estimate comes from the
Economic Policy Institute's (EPI) 2015 Family Budget Calculator, which
measures the annual cost of necessities for one adult to live a secure, yet modest, lifestyle by estimating the costs of housing, food, transportation, health care, other necessities, and taxes.
The index
measures 500 consumers» attitudes on future
economic prospects, in areas such as personal finances, inflation, unemployment, government
policies and interest rates.
A breakthrough deal to fundamentally change China's
economic policies is viewed as highly unlikely during the two - day visit, though a package of short - term Chinese
measures could delay a U.S. decision to impose tariffs on around $ 50 billion worth of Chinese exports.
If these
measures go into effect, the impact on the economy and small businesses would be modest, says Thomas Hungerford, senior economist and director of tax and budget
policy at the Economic Policy Inst
policy at the
Economic Policy Inst
Policy Institute.
The idea was originally developed in the early 1930s by the Russian - born economist Simon Kuznets, who was commissioned by the U.S. government to come up with a better way to
measure economic activity — and guide an increasingly interventionist government
policy — than relying on shaky indicators like the stock market and railcar loadings.
The changes come even as Powell conceded during his first press conference that the likely
economic effects of the new fiscal -
policy measures were «very uncertain.»
Stability is the
measure of a government's capacity to implement
policy during a political, social, or
economic crisis.
From an
economic policy perspective, pre-tax income is the
measure of the
economic effect of additional family income on gross domestic product, or GDP.
The best way to safeguard financial stability and improve the balance between
economic and financial risk taking is to put in place
policies that enhance the transmission of monetary
policy to the real economy — thus promoting
economic risk taking — and address financial excesses through well - designed macroprudential
measures.
As Chief Economist, Brian is tasked with
measuring the impact of the sector and bringing
economic issues facing charities and nonprofits to the forefront of public
policy decision makers.
The Chief Economist for Canada's Charitable and Nonprofit Sector is responsible for
measuring the impact of the sector and bringing its
economic issues forward to public
policy decision makers.
Much of the debate over Trump's trade
policy seems to miss the point that the
economic effects of any trade
measure depend on how it affects capital.
Extraordinary monetary
policy measures were taken in the heat of the financial crisis, and continue to be applied five years later, as a necessary part of restoring
economic growth and stability.
As Chief Economist for Canada's Charitable and Nonprofit Sector, Brian Emmett is tasked with
measuring the impact of the sector and bringing
economic issues facing charities and nonprofits to the forefront of public
policy decision makers.
China on Wednesday, April 4, 2018 vowed to take
measures of the «same strength» in response to a proposed U.S. tariff hike on $ 50 billion worth of Chinese goods in a spiraling dispute over technology
policy that has fueled fears it might set back a global
economic recovery.
The stock market is not a useful
measure of how successful an administration's
economic policies are.
As a proxy for political uncertainty I used the popular
Economic Policy Uncertainty indexes,
measures based on real - time news flow.
On April 7th, 2017, the Broadbent Institute released exclusive new polling from Stratcom, looking at Canadian opinion on
economic security and levels of support for progressive
policy measures.
A breakthrough deal to fundamentally change China's
economic policies is viewed as highly unlikely during the two days of talks, though a package of short - term Chinese
measures could delay Washington's decision to impose tariffs on about $ 50 billion worth of Chinese exports.
«I'm similarly impressed by the fragility of our
economic system, even though it's been reinforced with so many heavy
measures by governments around the globe, ECB bond - buying programs and zero interest rate
policies here in the U.S., for instance.»
Confronting
economic challenges from abroad will require a sound fiscal framework,
economic policies that promote growth, and
measures to create opportunities for Canadians, according to the C.D....
Fleming, M (2003): «
Measuring Treasury market liquidity», Federal Reserve Bank of New York,
Economic Policy Review, vol 9 (3), September, pp 83 - 108.
Those will also include
economic stimulus
measures help for small businesses threatened by bankruptcy and adopting a
policy to combat unemployment, according to Tsipras.
The
measures are stipulated in the 10th
economic policy package of the government released in Jakarta on February 11.
Stabilizing
economic growth «top priority»
Policies and
measures to stabilize
economic growth currently include boosting consumption, diversifying exports and promoting investment.
Involving a mixture of fiscal, monetary and
economic measures, the
policies — collectively known as Abenomics — have had few obvious successes, and inflation has barely remained positive over much of the period.
Recent
policy actions, including today's rate reduction, coordinated interest rate cuts by central banks, extraordinary liquidity
measures, and official steps to strengthen financial systems, should help over time to improve credit conditions and promote a return to moderate
economic growth.
Trump administration fiscal
policy is expected to be similar to Ronald Reagan's
measures, but
economic conditions today are much different than in 1981.
However, its monetary
policy dictated by austerity
measures is killing
economic growth.
On trade
policy, he wanted tougher
measures against China but faced opposition from National
Economic Council director Gary Cohn, the former Goldman Sachs COO.
More substantively, while on national security
measures the United States and Israel have a complicated relationship that would make cross-pollination hard to imagine — don't expect to see a former Mossad chief to be in the running to head the CIA —
economic policy really is different.
But we do not believe the ECB will contemplate a major change in direction, since in the continued absence of a significant fiscal stimulus, the region's
economic performance remains too weak for the central bank to risk
measures that could create, however inadvertently, a degree of tightening in monetary
policy.
For example, while the United States is tightening its monetary
policy, the central banks of Europe and Japan both have launched aggressive stimulus
measures since 2014 to jumpstart
economic growth.
There is no escaping the fact that
economic and financial conditions have worsened since the ECB eased three months ago, which is not exactly the intended effect of new
policy measures.
Alignment of government
policy is particularly crucial, as inconsistency between government
policies inhibits investment and raises the cost of capital.235 Once the overall strategic direction is set, a range of methods and instruments are available to mainstream climate at the project level.236 This needs to happen at the technical assessment stage, where technological and process options and alternatives are considered that will achieve the project aim; at the
economic assessment stage, which involves
measuring net impacts of the project on welfare; and at the financial assessment stage, where costs and revenues of the project are assessed.237
Nevertheless, I am convinced that rather than continue to assume that growth, as
measured by Gross National Product is an appropriate goal of national and international
policy, we must examine how it relates to
economic welfare, and that requires that we dare to make judgments about what constitutes welfare.
They continue to advocate
policies that increase GDP even when they do not increase
economic welfare as
measured by the ISEW.
My point is only that rough approximations to
measuring economic welfare strongly suggest that the time for viewing increase in gross product as the appropriate goal for national
policy is ended.
Second, the wider criteria to be considered should include
measuring economic policies by their benefit to the poor and to the other creatures with which we share the Earth.
It is obvious that neither moral counsel nor fragmented
measures of socio -
economic policies are enough to confront rising unemployment.
Twenty years ago I became convinced that one major source of the commitment to
policies that often do more harm than good is the way
economic progress is
measured.
The report shows a sort of tortured desire for some kind of good, some kind of affirmation of human dignity: Wonderfully, it calls on Member States to «implement
policies and
measures aimed at preventing people from having abortions for social or
economic reasons and providing support to mothers and couples in difficulty.»
All this presupposes, of course, the development of regional
policies, inside each of the groupings, capable of taking the necessary
economic and social
measures to ensure stabilisation.
It creates explosive contradictions between political conditionalities that press for good governance, democracy and respect for human rights and
economic conditionalities that impose such austere
measures that the resulting inequalities can only be controlled by highly undemocratic
policies!
To be sure, there were many admirable statements confessing how far short the churches have fallen from
measuring up to the Christian ideal and calling for equal treatment of all races in
policies having to do with immigration, citizenship and
economic opportunity.
In line with the growing socio -
economic and political significance of immigration, Europe has seen a wide range of
policy measures aiming at either halting migrants from reaching Europe or deterring them from settling in their preferred countries of destination (Gibney 2004).