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The cable also: Highlighted what it called "A Propitious Lack of Monetary Policy Tools".
The lack of monetary autonomy thus means Spain has also little budgetary leeway.
But the ambassador wrote: "An ironic feature of Ireland's success has been the Government's lack of monetary policy tools, remarked Cormack McCarthy, Chief Executive of the Ulster Bank.
Given the award's extraordinary level of compensation, Ms. Lavey said, she wanted to pick "playwrights who have been at it for a while but whose dedication to the field is challenged by the lack of monetary compensation".
What is holding back a healthy recovery is not lack of monetary stimulus, it argues; rather it is underlying flaws in the way that many economies operate whose effects are particularly pernicious after a financial crisis.
Greenlaw et al start by saying that they're going to restrict their analysis to advanced countries, because developing countries generally can't borrow in their own currencies, and this lack of monetary independence makes them vulnerable to shocks in a way advanced countries historically haven't been.
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It could borrow in euros to ease a local credit squeeze.The problem for Latvia is the lack of monetary-policy levers.
When Raghu Rajan, governor of the Reserve Bank of India, recently complained about the lack of international monetary co-ordination, pundits were quick to tell him to keep his "own house in order".But this doctrine does not look quite as robust as it once did.
However, many performance MOEs defined in this research such as air quality, noise and accessibility cannot be monetized due to a lack of reliable monetary values for them.
There is danger in presenting such figures: for lack of other monetary calculations, they may be seized on and quoted, as though no caveats had been made.
And, that last bit of flip flopping is what I would like to discuss today: Trump's total lack of understanding of monetary policy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com