But he is constrained by the policy he has inherited and the mentality of some in his party.
The argument is that although the Bank of England may theoretically be making autonomous decisions, in practice its freedom of action will be completely constrained by the monetary policy of the much larger euro zone.
ENGAGE is styled after the Putnam two-level game, in which negotiators at the international level are constrained by the heterogeneous policy preferences and power of constituents at the domestic level.
Politicians, and others, often find themselves in situations where they have inherited, or are otherwise constrained by, the decisions and policies of others (or even their previous selves) that they now judge unwise or even gravely immoral.
Constrained by the centralization of decision power and the closed policy network, bureaucrat policy entrepreneurs have to seek both technical feasibility and political feasibility of policy innovation.
In such communities, women registered as urban residents and were constrained by the one-child policy required of urban inhabitants; meanwhile, in their lifestyle and cultural norms, they still retained characteristics of traditional rural communities and thus were subjected to traditional fertility culture norms.
Indeed, national policy makers are constrained by the structure of their political and school systems as well as the local perspective/culture on health issues.
"Fiscal negotiations might become a bit easier if everyone started by agreeing that the policies we choose must be constrained by the laws of arithmetic," Mr. Mankiw added.
But fiscal negotiations might become a bit easier if everyone started by agreeing that the policies we choose must be constrained by the laws of arithmetic.
This didn't have to happen; with more than $360 billion in foreign currency reserves, Brazil is not constrained by the balance of payments, and therefore could recover with expansionary macroeconomic policies.
