'a binding constraint' is a correct and usable phrase in written English.
It is usually used to mean an inflexible limitation or restriction. For example, "The economic crisis is a binding constraint on government spending."
But it is a binding constraint on recovery and prosperity all the same.
Finally, and perhaps most importantly, the report says it's time for the G.O.P. to move beyond Ronald Reagan, whose name and legacy has long acted as a binding constraint on efforts to modernize the party.
A measure of co-ordination is already built into the euro area's fiscal policy.The stability and growth pact is now too full of holes to be a binding constraint on fiscal policy.
Well, if Latvia had very high productivity growth for whatever reason, the big thing advocates of currency flexibility worry about – the downward rigidity of nominal wages – just wasn't a binding constraint.
More importantly, the zero lower bound is only a binding constraint because inflation is assumed to be limited to low and stable rates.And so I think a real problem with the paper is the failure to lay out a rigorous account of the central bank's reaction function.
As could be expected, the developed OECD countries (with the notable exception of Italy) dominate among full democracies, although there are two Latin American, two central European and one African country, which means that the level of development is not a binding constraint.
Although unfortunately the data on dual citizenship in the GSOEP is not good enough to see what percentage of immigrants in our sample had not renounced their original citizenship when obtaining German citizenship, anecdotal evidence would suggest that it is unlikely that this was a strongly binding constraint.
"Neither the [emissions reduction fund] nor the safeguard mechanism provides an effective binding constraint on emissions in the power sector," they say.
As argued by Langyintuo and Mungoma (2008), this result seems to suggest that relaxing an apparent liquidity binding constraint among poorly endowed households through access to wealth accumulation that shifts the household's wealth status to a higher level will significantly increase their milk yields or net returns.
Almost exactly two years ago, at the height of the Senate debate on financial reform, a serious attempt was made to impose a binding size constraint on our largest banks.
The O.E.C.D. was on the case in January, producing a paper whose writers said they support "the imposition of a group leverage ratio" — a low ratio suggests a bank's caution, a high one the opposite — "to provide a binding capital constraint" on banks.
