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Lax policy stokes too much demand, sucking in imports and widening the current-account gap.
And that was a mistake, resulting in an overly lax policy.
By fixing its currency to the dollar it is, in effect, being forced to adopt America's overly lax policy.
Several current and former staff members said that a lax policy had allowed students to remain on the rolls even when they failed to log in for days.
In its annual report, published on June 30th, the BIS leaves readers pondering what the penalty for lax policy will be: inflation or deflation.Credit busts often beget recessions.
He described a lax policy in the Legislature as "don't ask, don't tell" and said many lawmakers seemed to think the reimbursement for travel expenses was a perquisite of the job.
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However, these "lax" policies do not stand up to international comparison.
And, we cannot expect a miracle from Greece, as if it could undo the results of 30 years of lax policies in a few months.
The leader of the opposition, L. K. Advani, said during a tour of Mumbai hospitals that "lax policies" were responsible for the security failure.
If the Fed moves too soon to end the lax policies and low interest rates that are propping up the economy, it risks derailing the recovery — and worsening already high unemployment.
Digital pedagogy can be seen by students as an advertisement for lax policies regarding technology in the classroom, and instructors must ensure they maintain control over such policies early in the semester.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com