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By building its program around independent measures of policy performance, the corporation has been able to catalyze reform in poor countries — sometimes before any aid money is spent.
We construct two measures of policy, one which aggregates policy instruments that can be assigned a value and a second that aggregates those without explicit values.
His name is conspicuously identified with all its measures of policy, including the original settlement of Manhattan Island, New Amsterdam.
As described in other articles in this issue, measures of policy outcomes can be taken from a number of existing data series that report rates of mortality, morbidity, accidents, crimes, and the like.
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By one measure of policy activism, the ECB can still claim bragging rights.
The chancellor singles out Britain's cherished AAA rating as the measure of policy success, but all three of the big credit ratings agencies have warned the Treasury that the UK could be downgraded if growth continues to disappoint.
But that was already true: serious applied monetary economists pretty much stopped talking about monetary aggregates as a measure of policy years ago, and these days it's almost all in terms of target interest rates.
In considering this risk and the increasing evidence of the toll that rapid economic development is already taking on Asia's environment, economists and other experts in Asia have taken up the call to re-examine the prominence of economic growth as a measure of policy success, particularly the use of gross domestic product.
Instead, the BIS, which is pretty sure that it is, finds a different measure of policy looseness with which to justify its call for higher rates: the financial cycle.There are two big problems with using this conclusion to argue for rate increases, however.
Although previous studies argue policy design and characteristics, few deal with policy consistency, and they lack a quantitative measure of policy consistency and explanation of its effects.
Meanwhile, a separate UCL study released on Tuesday warns that the government's target to cut net migration to the UK to the tens of thousands is "neither a useful tool nor a measure of policy effectiveness".
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