Employees also want management that takes ownership of its mistakes and thoroughly explains
policy adjustments in advance.
It's an open question whether we'll make the equivalent
policy adjustments in higher education as we did in K - 12: will someone create a «GED for college» or will we start holding colleges accountable for their graduation rates to boost education attainment?
The forthcoming «lift - off» by the Federal Reserve, when it happens, will surely be the most telegraphed monetary
policy adjustment in history.
Not exact matches
The Whitehorse «progress report» was the latest
in small
adjustments to Bank of Canada's communications
policy that is making the institution less a black box.
Monetary and fiscal
policies can help to buffer some of these effects, and help speed up the process by fostering growth
in other sectors of the economy, but the
adjustment must ultimately take place.»
Policy makers pleaded innocence, saying the
adjustment was part of a broader strategy to give markets a larger say
in the yuan's value.
First, a sudden change
in the investment paradigm — such as that that triggered the May - June 2013 Taper Tantrum or this January's Swiss National Bank decision to alter its currency
policy — creates widespread investor demand for portfolio
adjustments.
«At this point, I don't see this market
adjustment spilling over into financial conditions - but Ill be watching carefully,» Kaplan, a non-voting member of the Fed's
policy committee, told reporters
in Frankfurt.
«Despite this progress on the real side of the economy, from a monetary
policy perspective our task is not complete, as we have not yet seen a sustained
adjustment in the path of inflation,» Draghi told the audience.
«Our credit
policy adjustments that began
in the middle of the first quarter continue to yield benefits, with sequential improvements
in both our Provision Rate and 15 + Day Delinquency Ratio.
Most of this deterioration is due to lower revenues (down $ 3.3 billion), new
policy initiatives amounting to just over $ 1 billion and an increase
in the «risk
adjustment factor» resulting
in a loss of revenues of $ 1 billion.
Public
policy can help
in the
adjustment process by promoting flexibility
in the economy and by reducing some of the costs of change for individuals and communities.
Monetary
policy can help the
adjustment by keeping inflation under control and maintaining stability
in the overall economy.
A second reason for the downward
adjustment in U.S. interest rate expectations is that U.S. financial market conditions depend,
in part, on the stance of U.S. monetary
policy relative to monetary
policies abroad.
Monetary
policy has an important role to play
in supporting the economy as it goes through the current period of
adjustment.
All these assessments were consistent with what the Board staff had provided and were viewed as likely to continue assuming a continuation of the gradual
adjustment in policy.
This would
in turn constrain monetary
policy, which is critical to minimizing the cost to China of what's likely to be a very difficult
adjustment after decades of deeply unbalanced growth.
In the UK, the Bank of England also makes extensive use of a large - scale macro-model, and a significant portion of the
policy formulation process is taken up with the discussion of the necessary judgmental
adjustments to the equations of the model to reflect current developments.
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.
In the short run however the orthodox world accepts that fiscal and monetary policies can speed up the adjustment towards equilibrium, largely it seems by countering these constraints, or by setting interest rates in order to manage investment and consumptio
In the short run however the orthodox world accepts that fiscal and monetary
policies can speed up the
adjustment towards equilibrium, largely it seems by countering these constraints, or by setting interest rates
in order to manage investment and consumptio
in order to manage investment and consumption.
I have often written
in this blog and elsewhere about the three
policy choices Beijing faces as it tries to manage through the
adjustment process.
The broad set of Trump's fiscal measures and Republican legislative priorities should be supportive of a strong U.S. dollar, either by boosting growth and tighter monetary
policy — or by contributing to an improved trade balance (through looser regulation
in the energy sector and / or border
adjustments).
We are being vigilant
in our data collection and analysis so that we can make real - time
adjustments to our recruiting efforts and our workplace
policies so that we don't get behind the eight - ball on these important issues.
In its deliberations on monetary policy, the Board will continue to monitor all these developments and make adjustments as required, with a view to achieving sustainable growth in the medium term with low inflatio
In its deliberations on monetary
policy, the Board will continue to monitor all these developments and make
adjustments as required, with a view to achieving sustainable growth
in the medium term with low inflatio
in the medium term with low inflation.
But even if the ECB does bend to the will of the bond markets this year, and begins to buy sovereign debt directly, the single currency is left with all of the same weaknesses that existed prior to the crisis: the inability to tailor interest rate
policy for each individual economy, the lack of foreign currency
adjustment needed to offset differences
in competitiveness, and growth - limiting trade dynamics throughout the area.
The Bank's intention
in making this
adjustment is not to end growth, but to keep the setting of monetary
policy attuned to the economy's changing needs.
The first is the complementarity strategy,
in which balance sheet
adjustments would be viewed as an independent and thus second tool for conducting monetary
policy.
This assessment is based on an evaluation of the recent trends
in core inflation and likely developments
in demand conditions, and takes into account the dampening influence of the monetary
policy adjustments since November 1999.
The limitations of macroprudential
policies reflect the potential for risks to emerge outside sectors subject to regulation, the potential for supervision and regulation to miss emerging risks, the uncertain efficacy of new macroprudential tools such as a countercyclical capital buffer, and the potential for such
policy steps to be delayed or to lack public support.14 Given such limitations,
adjustments in monetary
policy may, at times, be needed to curb risks to financial stability.15
As a result, at the appropriate time, the (Fed) will be able to return to conducting monetary
policy primarily through
adjustments in the short - term
policy rate.
Regarding the path ahead for ECB
policy, it seems likely
adjustments to the central bank's bond - purchasing program will be discussed by policymakers at meetings
in coming months, given the technical difficulties and political risks involved.
But what's perhaps more noteworthy is the dovish shift
in the Bank's tone since their last announcement
in September (where they raised rates by 25 basis points) and its more cautious stance on future
policy rate
adjustments.
The statement repeated that «with further gradual
adjustments in the stance of monetary
policy, economic activity will expand at a moderate pace
in the medium term and labor market conditions will remain strong.»
«I expect that with gradual
adjustments in the stance of monetary
policy, the economy will continue to expand and the job market will strengthen further, supporting faster growth
in wages and incomes,» she said.
We would agree an
adjustment in the ECB's monetary -
policy settings looks likely to be made soon, as it would be surprising if the central bank continued on its current highly accommodative course for much longer, considering the stronger - than - expected recovery
in the eurozone economy.
In this situation it is still possible to appeal on moral grounds for
adjustments and improvements of
policy.
A third party will assess Highpoint's current
policies and training
in order to make
adjustments to how it responds to abuse.
The horrible results of structural
adjustment are now so apparent that
in the World Bank there is some willingness to review these
policies.
Another urgent need is to reverse the
policies of international economic organizations expressed through structural
adjustment that oppose economic self - reliance
in developing countries.
I'll never forget the church that beautifully integrated words from my blog posts into their liturgy one Sunday morning, or the painter who rendered a chapter from my book into art, or the young man who composed a song around this post, or the pastor who made last - minute
adjustments to his Easter service to ensure that women had a voice
in proclaiming the resurrection, or the church that changed its
policies regarding abuse because of our series on the topic, or those of you who have sponsored children, worked the blessing of «eshet chayil!»
with mou an pep coming not to mention chelseas resurgence an klopps
adjustment with wengers
policy i am comfortable
in saying this is our last chance at the league
in several years
The time that allowed for adaptation, interpretation and any minor
adjustments that are made to the
policy is the reason that the HHFKA continues to arise
in the news.
Previous attempts to evaluate the Baby Friendly Initiative within an observational study design have often been limited by small sample size or reliance upon ecological measures of confounding factors.16, 17 The advantage of the Millennium Cohort Study is the availability of individual - level social and demographic information, as well as the circumstances of pregnancy and delivery, allowing
adjustment for factors that
in other studies may be associated with both
policy intervention and infant feeding practices, via area or individual population differences.
In addition to policies aimed at increasing the age at which workerscan retire and encouraging private pensions (central planks of pension reforms in many other countries), the Nordic countries have for several years been focusing on adjustments to the way their pension systems are funde
In addition to
policies aimed at increasing the age at which workerscan retire and encouraging private pensions (central planks of pension reforms
in many other countries), the Nordic countries have for several years been focusing on adjustments to the way their pension systems are funde
in many other countries), the Nordic countries have for several years been focusing on
adjustments to the way their pension systems are funded.
The provisions of the new treaty are a far cry from the introduction of foreign
policy cooperation
in the SEA: for the most part they are small
adjustments to fiscal rules that have existed since the 1992 Maastricht treaty.
Because a U-turn of such a scale would be politically difficult I expect that instead there will be a series of minor
policy adjustments over the next few months that will be sold as a change
in emphasis rather than substance.
«
In the last few years, we've always made
adjustments to education
policy,» he said.
Although commodity price slumps, and delays
in implementing
policy adjustments continue to negatively impact the Region's economic expansion, the African Development Bank predicts that strong domestic demand, improved macroeconmic governance fundamentals and a friendlier businessclimate will continue to sustain the region's growth resilience.
«Ghana is at crossroads and must now decide whether to continue existing
policies that will further enrich the wealthy and do little for the poor or to make fiscal
adjustments that would lift millions out of poverty and bring them into the agricultural economy
in ways that will contribute significantly to economic growth,» Philip Alston said.
Also, Fitch forecasts that, «a high inflation could have a fiscal impact if it keeps domestic funding costs elevated (yields can be as high as 20 % on short - term instruments), although we think the Bank of Ghana may have scope to ease monetary
policy in 2017, as the impact of electricity tariff
adjustments drops out of CPI calculations, lowering headline inflation.»