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Call it credential inflation.
Credential inflation is at work.
One-third of those new programs in the last decade were added in just two broad fields: health professions (where credential inflation is rampant) and military technologies/applied sciences (probably a reaction to the 9/11 attacks).
Similar(57)
Mr. Draghi will face pressure not to cut rates immediately to establish his credentials as an inflation fighter, analysts said.
While campaigning this year to succeed Mr. Trichet, Mr. Draghi emphasized his credentials as an inflation fighter and as a voice of fiscal prudence in his native Italy.
As a result Mr. Draghi, eager to establish his credentials as an inflation fighter, may be hesitant to preside over a rate cut just days after assuming the leadership.
Mr. Draghi, who will take office Nov. 1, will be under pressure to establish his credentials as an inflation fighter, and he risks undermining his credibility if he oversees a rate cut immediately upon assuming the presidency.
The first is inflation of credentials.
It is also keen to burnish its anti-inflation credentials.
The forint fell, but the monetary authorities' anti-inflation credentials were tarnished.
A government that shoves interest rates up to signal its anti-inflation credentials is one example.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com