Your English writing platform
Discover LudwigExact(7)
Third, in response to slower growth and lower inflation (owing partly to lower commodity prices), the world's major central banks pursued another round of unconventional monetary easing: lower policy rates, forward guidance, quantitative easing (QE), and credit easing.
More important, if they succeed in even modestly loosening the money markets, they will reduce the pressure on central banks to use the broader tool of lower policy rates.
But with tax-rebate cheques arriving in the mail, a dose of fiscal stimulus is imminent.A growing chorus worries that ever lower policy rates are adding to America's problems.
For example, some empirical and simulation evidence suggests that the responsiveness of policy to the output gap, given by the parameter b in the Taylor rule equation, should be higher than the value of 0.5 originally chosen by Taylor.6 Higher values of b lead the Taylor rule to recommend somewhat lower policy rates during recessions and their aftermaths.
Interestingly, the hospital with one of the lower policy scores (Hospital 1, which had a score of 7) had no mention of signage requirements in their policy.
One mechanism for securing trust in healthcare services would be a lower policy emphasis on preventive services within the health care sector - not because they are unimportant, but because they should increasingly be handled in other sectors where they belong.
Similar(53)
"In the current circumstances, lowering policy rates will only aggravate inflationary impulses without necessarily stimulating growth," the bank's governor, Duvvuri Subbarao, wrote in the monetary policy review.
"This will be welcome news for SSE's customers and shows that the government's work to reduce energy bills is working by lowering policy costs and driving competition.
As a result, the ECB recently lowered policy rates to the ZLB, has started undertaking additional unconventional monetary policies, and is now encouraging fiscal expansion among eurozone countries that are able to do so.
Disinflation, by contrast, results in passive tightening, since the central bank can't lower its policy rate and since the real interest rate is the policy rate less expected inflation.
In their narrative, lower ranking policy makers worried that their job security would suffer if they in turn championed the policy process.
Write better and faster with AI suggestions while staying true to your unique style.
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