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But if monetary policy were systematically too tight, inflation should have fallen much further than it has; instead, both actual and (survey-based) expected inflation have been surprisingly stable, and higher than forecast by outfits like the IMF and the Fed who assign a relatively large weight to the output gap in the determination of inflation.
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A central undertaking in astronomy is the determination of distances.
Provides an overview of macroeconomic issues including the determination of national income, economic growth, unemployment, inflation, interest rates, and exchange rates.
This course will provide an overview of macroeconomic issues: the determination of output, employment, unemployment, interest rates, and inflation.
Despite the monthly ups and downs, retailers are expected to cheer the figures and the determination of Britons to keep spending in a year when inflation far outstripped wage rises.
Focuses on the international dimension of macroeconomic policy, particularly monetary, fiscal, and exchange rate policy, and on the determination of the current account balance, national income, and inflation.
The central bank's policies, he said, "had the effect of avoiding the second round effects" of low inflation filtering into wage negotiations and the determination of prices.
And as with all cults, the failure of prophecy — in this case, the prophecy of soaring inflation from deficits and monetary expansion — only strengthens the determination of the faithful to uphold the faith.
A March 6 editorial attempts to justify the determination of Alan Greenspan, the Federal Reserve chairman, to raise interest rates to slow the economy to prevent inflation.
The determination of rescue workers.
The determination of Gary Player.
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