In no place in the report do I make recommendations about
what policy path should be taken.
Not exact matches
To measure the natural rate, I use a structural model described in Cúrdia et al. (2015) and incorporate the effects of forward guidance — monetary
policy announcements about
what path the interest rate is likely to follow.
Should monetary
policy drop its inflation target and instead do whatever it takes to maintain a stable growth
path for nominal GDP, no matter
what that requires it do, no matter
what fiscal
policy is?
Now consider that we have a gradual and thoughtful Fed
policy of tightening while we also have
what was a predictable and measurable
path of fiscal easing.
If projections were conditioned on the Fed's intended
path of monetary
policy rather than
what the market expects they would be even lower.
The central bank made a concerted effort starting late last year to divorce its «forward guidance» on interest rates,
what it tells markets about the expected future
path of
policy, from specific calendar dates.
So if one asked, «
what is the forecast of inflation and real interest rates conditional on the currently announced
policy path?
As a result, the private citizens who use euros (for example) don't know
what the euro will be worth 5 or 10 years out, unless there is some binding commitment to a steady
policy path.
That is, given the current state of the economy, and given the objectives for
policy (the inflation target and a preference for avoiding undue instability in real GDP), the model can be asked:
what is the
path for interest rates over the relevant horizon which will minimise the variance of the objective variables around their targets?
Paula Annels Head of
Policy and External Relations at the CIOB said, «Being part of this employability programme enables us to reach the next generation before many of them start thinking about
what career
path to take.
The fingerprints of NEA and AFT can also be seen in
what Movement for Black Lives either ignores or barely touches on: Zip Code Education
policies such as zoned schooling and restrictions on intra-district choice that force black families to send their kids to dropout factories that put them on the
path to poverty and prison.
Despite
what you might think of Jerome Powell's inclination to follow Janet Yellen's steps, the question of whether the selected
path of the monetary
policy tightening will remain the same remains open at least until we see the first statement released under the new governance.
They form a
path into the museum, which, smelling a blockbuster, for once suspends its
policy of pay
what you will.
Relevant — Don't Count on Long - Term Success in Climate
Policy, Warns Paper in Decision Analysis Journal (``... consideration of path dependence in the context of climate policy justifies greater near - term emissions reductions in what amounts to a hedging strategy.&r
Policy, Warns Paper in Decision Analysis Journal (``... consideration of
path dependence in the context of climate
policy justifies greater near - term emissions reductions in what amounts to a hedging strategy.&r
policy justifies greater near - term emissions reductions in
what amounts to a hedging strategy.»)
What was learned at the seminar was while there's a wide range of energy and environmental
paths to choose from, it remains to be seen if senior
policy makers can live up to the high standards of energy information gatherers, analysts and forecasters.
Looking to America's future energy
policy path, the new administration and Congress should support
what works.
It is true that an emissions cap
policy — which, in essence, is
what Allen is proposing — would set a clear
path to climate stability, compared to the alternative of a carbon tax.
What they came up with has gone unacknowledged until now — and it could provide a
path past an intractable impasse on climate
policy.
You could take one
path and add
what's called a «rider» to your own life insurance
policy.
In addition, should Australia go down this
path for Indigenous communally owned lands, the experience of the United States and New Zealand are outlined to provide some guidance as to
what pitfalls and opportunities
policy makers can expect from the NIC Principles.
The opportunity to influence
policy on a larger scale is
what drew Golder to pursue the NAR leadership
path.