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Income-based measures are "the central yardstick for assessing economic performance", according to Kaushik Basu, senior vice president at the World Bank.
Advocates for the use of sustainability as a central yardstick for guiding healthcare policy and planning have occasionally sought to operationalize and develop measures for it [ 23].
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Key yardstick: cash flow from operations.
In an age of globalization, central bankers can't just look at inflation as a yardstick, economists said in Kuala Lumpur.
Long-standing German antipathy to the policy, however, has made the ECB a late adopter.In this section The economics of optimism Accentuate the negative Better late than never Connect 450 Bigger and better Swiss miss The wrong yardstick Oily and easy Berated Broke but never bust ReprintsThe central bank is turning to QE because of the enfeebled state of the European economy.
Central bankers should do their job stabilise prices, secure financial stability and, in America's case, maximise employment whatever the politicians get up to.By those yardsticks central banks have hardly done too much.
Our yardstick?
A better yardstick is education.
What yardstick are you using?
That's a useful yardstick".
The answer, today, depends on your yardstick.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com