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Commodity exporters also need to diversify their production, and all countries running large current account deficits need to bring those under control through a carefully calibrated policy package that does not sacrifice growth.
Putin, who has a visceral dislike of popular revolution and has calibrated policy for years to ensure its impossibility in Russia, may also start to look over his shoulder at those around him.
Confirmation of the Saudi deployment came from the Turkish foreign minister, Mevlut Cavusoglu, and shows a calibrated policy by two states, who consider themselves to be heavyweights and who are both currently badly losing out in Syria.
For the United States, which is dependent on Venezuelan oil supplies and has close economic ties to the country, the possibility that the referendum could be scrapped would be a serious blow to a carefully calibrated policy aimed at building feasible political alternatives to Mr. Chávez.
"We have taken some measures to authorize the export of U.S. financial services to offer new U.S. investment, but we have a calibrated policy that includes sanctions authority and leaves them in place as a means to encourage continued progress on reforms," he said.
Relatively high barriers to innovation aligned with poorly configured and inadequately calibrated policy instruments imply incompatibilities in the GNSI that have to be tackled economy- and system-wide, as well as at the level of actor-specific interventions.
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Perhaps most importantly, because monetary policy works slowly, officials are calibrating policy based on their expectations about what the economy will need next year and the year after that.
In any event, if the evidence does show that uncontrolled Lashkar elements carried out the attacks, it would force India's government to judge how to calibrate policy toward a civilian-led Pakistan government and Army command that may have little control over the very same Islamist groups that it purposefully built up and supported just a few years ago.
It will trumpet a new industrial policy (which is unlikely to do much good) and a new regulation framework (which could do a lot, if designed properly).With municipal elections due in October, there is much talk among politicians of "calibrating" policy to encourage more growth.
Using the AMECO database, we calibrate policy variables as to match the Spanish consolidation episodes that occurred between 1996 and 2007.
And if it's on a hiding to nothing because of a crazy right (or left) wing policy list, there is nothing like a few election losses to calibrate policies back to the winnable centre.
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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