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"This really is a law enforcement action and not a policy action," Mr. Smith said.
"If the goal was to create less uncertainty and have fewer surprises when a policy action occurs, then it hasn't succeeded.
"Taking a policy action between meetings surprised some observers, and some have asked, 'What does the Fed know that we don't?' " Mr. Ferguson said.
But where it does matter is that a lot of people have come to accept a policy action or business decision on the grounds that this is something driven by technological changes rather than by active human decisions.
The methodology also includes sensitivity analyses and finally results in a policy action plan.
On the policy side, a policy action that may be beneficial for one policy objective might work directly against the attainment of another policy objective.
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As mentioned previously, the decision to develop a MenA conjugate vaccine arose from a specific policy action by WHO following international meetings organized between 1999 and 2001.
If a bail out should occur this is a fiscal policy action that should be decided by Congress after the relevant equity holders have been wiped out and senior management fired without golden parachutes and huge severance packages.
Investors concluded that Mr. Draghi was signaling a major policy action, like huge purchases of government bonds to raise demand for debt from Spain and Italy and keep their borrowing costs at sustainable levels.
As health insurance was shown to have some impact on financial protection, expanding coverage of health insurance in all three dimensions (breadth, height and depth) should be a priority policy action.
Through their work on a commonly acknowledged subset of knowledge issues, epistemic communities create both an evidence base and a framework for policy action (i.e., a road-map).
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com