Sentences with phrase «of macroeconomic policy»

Halkos, George and Paizanos, Epameinondas (2015): Effects of Macroeconomic Policy on Air Quality: Evidence from the US.

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

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

Dr Cable has some very weighty supporters who have wrestled long and hard with the complexities of macroeconomic policy.

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

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.

These factors are, of course, outside the realm of macroeconomic policy.

Olivier Blanchard, director of the research department at the IMF, authored the paper and questioned many of the tenets of macroeconomic policy.

This is a good answer, but I would add: The phrase «trickle - down economics», even as a simplistic political slogan to refer to a complex set of macroeconomic policies, really only refers to one element of supply - side economics (namely, the Laffer Curve).

Not exact matches

Prior to that role, he worked on CNBC's assignment desk, collaborating with the network's reporters to cover international macroeconomics, trade policy, politics, and the intersection of media and technology.

Hammond's team reportedly wanted to focus on macroeconomic measures that will ensure the economy runs as efficiently as possible, while Theresa May wanted the statement to include the sort of microeconomic policies that were a hallmark of former Chancellor George Osborne's statements.

«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.

«The GUIDES indicators that focus on some overall macroeconomic indicators,» Chisa recommends, plus «a few other topics that get you a lot of bang for the buck: British Colonialism, nations versus states, Dutch Disease (resource curse), Sovereign Wealth Fund, import substitution, current account balance, fiscal deficit, IMF austerity measures, and the «trilemma» of free - capital flows, independent monetary policy, and fixed exchange rates.»

The results of a world where developed and emerging countries are all pitted against each other will be «intensified conflict on the international stage over vitally important issues, such as international macroeconomic coordination, financial regulatory reform, trade policy, and climate change,» they said.

I think there's a wider sort of macroeconomic and social policy issue that we all need to be aware about, and also we all need to maybe come together about some new definitions of what work is and how opportunities are being created, also.

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.

Posted by Nick Falvo under Bank of Canada, banks, China, Conservative government, economic crisis, economic growth, employment, exchange rates, financial markets, GDP, global crisis, interest rates, international trade, labour market, macroeconomics, manufacturing, monetary policy, recession, Role of government, unemployment, US.

Posted by Nick Falvo under aboriginal peoples, Balanced budgets, child benefits, Child Care, corporate income tax, CPP, debt, deficits, early learning, economic thought, federal budget, fiscal federalism, fiscal policy, homeless, housing, income distribution, income support, income tax, Indigenous people, inequality, labour market, macroeconomics, OECD, Old Age Security, poverty, privatization, public infrastructure, public services, Role of government, social policy, taxation, women.

Posted by Nick Falvo under Bank of Canada, budgets, China, Conservative government, deficits, economic crisis, economic growth, employment, exchange rates, federal budget, fiscal policy, global crisis, household debt, IMF, interest rates, labour market, macroeconomics, manufacturing, monetary policy, recession, stimulus, unemployment.

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.

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.

Posted by Armine Yalnizyan under Bank of Canada, Conservative government, economic growth, free markets, free trade, G - 20, inflation, interest rates, international trade, macroeconomics, monetary policy, Role of government, stimulus, unemployment.

Posted by Angella MacEwen under Bank of Canada, budgets, Conservative government, Dutch disease, employment, interest rates, labour market, macroeconomics, manufacturing, monetary policy.

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.

It is caused by the deliberate neglect of macroeconomics, including shameful neglect of Keynes's monetary theory and policies; and by the dominance of microeconomics.

«Among the characteristics needed to join the elite group are stable macroeconomic policies,» says Kate Phylaktis, director of the Emerging Markets Group at Cass Business School, City University of London, adding «prudent fiscal policy, low inflation and a stable currency, political stability, good - quality institutions, good infrastructure (especially transport) and above all, education.»

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.

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.

«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....

Hence the relatively modern inflationary bias of «macroeconomic policy.»

Attentions this week turn to a busy macroeconomic calendar headlined by the Bank of England's policy announcement Thursday while the more immediate focus turns to Manufacturing PMI for direction through trade on Monday.

Fiscal Space (40 %) assesses whether a country is on a fiscally sustainable path, while External Finance Position (20 %) examines how leveraged a country might be to macroeconomic trade and policy shocks outside of its control.

Main Street Views highlights the diverse range of economic research and programs of the Kansas City Fed, including the annual Jackson Hole Economic Policy Symposium; analysis of macroeconomic, banking, and payments issues; and insight into the seven states and industries of the Tenth Federal Reserve District.

Voting against the policy action was Thomas M. Hoenig, who believed that continuing to express the expectation of exceptionally low levels of the federal funds rate for an extended period was no longer warranted because it could lead to a build - up of future imbalances and increase risks to longer run macroeconomic and financial stability, while limiting the Committee's flexibility to begin raising rates modestly.

Regardless of the precise details of any particular framework, though, what is most important is for broadly good macroeconomic policy to be followed.

Poloz himself has no control over the actions of the markets. And his response to any macroeconomic damage that results is limited to monetary policy adjustments (the next Bank of Canada interest rate decision is September 9), over which the Prime Minister is not supposed to have sway.

The government's ability to entrench prudent macroeconomic policies should improve further as the end of the political crisis comes closer.

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.

Setting aside the conceptual question of whether sound money is a form of freedom, an institution, or simply good macroeconomic policy, we come to the second major problem with the Fraser and Heritage price stability measures.

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.

He focuses on delivering analysis of monetary policies and macroeconomic developments globally as defined by fundamentals, market sentiment and technical analysis.

Lucy Macdonald is also a member of the firm's Global Policy Council, which is responsible for setting company - wide macroeconomic and strategic pPolicy Council, which is responsible for setting company - wide macroeconomic and strategic policypolicy.

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.