Sentences with phrase «policy horizon»
The phrase "policy horizon" refers to the timeframe or period during which a policy or decision is expected to have an impact or be relevant. It represents the duration that policymakers consider when planning and implementing their strategies, taking into account the long-term consequences and effects of their decisions. Full definition
While the allowable short - run variation is not defined, the aim is that in most circumstances, the Bank's inflation forecast should lie between 2 and 3 per cent at the monetary policy horizon, that is, the maximum impact of changes in monetary policy on inflation.
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He proposes that the 50 - year policy horizon used in the 2004 paper — holding emissions of carbon dioxide 50 years hence to current levels — remains the strongest approach that can be possibly justified:
For pathways that give a most likely warming up to about 4 °C, cumulative emissions from pre-industrial times to year 2200 correlate strongly with most likely resultant peak warming regardless of the shape of emissions floors used, providing a more natural long - term policy horizon than 2050 or 2100.
Thus the focus of the public and financial markets should be on the accuracy of the central bank's inflation forecast at the policy horizon.
The debate prior to this crisis can be (perhaps simplistically) characterised as between those who argued that an inflation - targeting central bank should care about asset prices to the extent that they affected the forecasts of output and inflation over the policy horizon, and those who argued that additional attention needed to be paid to asset prices and the possibility of credit imbalances.
In circumstances where the forecast lies outside the range over the policy horizon, the forecast path for inflation should be such that inflation would be expected to return to between 2 and 3 per cent within a reasonable period, that is, the trend in inflation should be clearly back toward the target range.
The critical issue in determining the extent of the tightening was whether inflation was forecast to return to the 2 to 3 per cent range within the policy horizon (around 18 months).
Our expert strategists have come together to offer you unrivaled analysis, getting to the heart of economic forecasts, policy horizons, asset prices and more.
Maybe I'll be proven wrong, but I don't see a «big new thing» on the policy horizon.
That will exert a downward drag on demand and inflation over the policy horizon: using the Bank's model ready - reckoners, by around 0.2 percentage points at the two - year horizon.
One uncertainty on the policy horizon is how the economic crisis will interact with President - elect Obama's commitment to take action on energy and climate.
These are important topics with potential to expand the policy horizons of native title.