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Conventional policy wisdom would need to adjust.
Gardenbrain challenges many of today's most conventional policy ideas.
But in China, conventional policy still has plenty of space.
Central banks have pulled all the conventional policy levers and a few unconventional ones as well.
In essence, if not degree, it is not so different from conventional policy.
In those cases, policy announcements can be used to extend the impact of conventional policy instruments.
Similar(6)
Mr. Bernanke acknowledged the limitations of the Fed's conventional policy-setting tool, the interest rate, and suggested that future actions by the Fed would focus on providing liquidity to the financial system by directly buying securities and acting as a backstop for the credit markets.
On the Republican side, primary voters appear to believe otherwise, opting in large numbers for Trump, the bombastic frontrunner who has eschewed a conventional, policy-based campaign for one based around emotions and public confrontations, such as his encounter this week with Pope Francis.
I think it's useful to ask why, as a practical matter, conventional policy-oriented macroeconomists (myself included) used to think we could normally count on a fairly quick return to full employment after a shock — and why we shouldn't think so anymore.
Conventional policies have failed in reducing addiction and production.
Compared to conventional policies, administration of the program is a much more critical issue.
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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