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In the words of Moshin Khan, the director of the IMF Institute, "It's not clear that our economic theory works [in a debt crisis]." The IMF's programs to constrict demand and reduce the current-account deficit increase the cost of servicing debt and cause deflation of asset prices, a double poison for highly indebted countries.
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Foreclosure drives the supply of property up and prices down, while constricting demand.
Constricting demand (especially when it is already weakening) and raising interest rates (especially when they are already high) simply does not work in a debt crisis.
The swollen river, suddenly constricted, demanded my attention.
Physicians are reimbursed for a maximum number of visits per month; nevertheless it is not enough to constrict induced demand.
In the short term, since supply is constricted, it is demand's bouncing around that sets prices.
One challenge for rural high schools is that curricular offerings are constricted due to teacher shortages and lack of demand.
Population is a major driver of energy demand and inadequate supply of energy constricts socio-economic activities, restricts economic growth, and adversely affects the quality of life.
More importantly, the more extreme changes in global warming and weather patterns, rising temperatures, and storms resulted in the larger affect of reduced mountain melt, induced drought, increased the demand for irrigation, and otherwise rapidly constricted the water capacity of the nation and undermined the economy on which the nation depends.
Let's go back to Econ 101: When you constrict the supply of an item and have constant or increasing demand, price must increase.
Relations between Tokyo and the former island kingdom have never been good, and the islanders have long demanded the removal of the vast American military bases that constrict their lives.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com