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How long will it last, and what policies might reduce it?As an article in this week's edition explains, the build-up of cash by the private sector can affect the recovery.If cautious firms pile up more savings, the prospects for recovery are poor.
"In future with trust they might reduce it further.
Or, to put it less poetically, by holding idiocy up to ridicule, we might reduce it.
The main thing is that nobody any longer thinks that the NAIRU is fixed, which puts the spotlight back on policies that might reduce it.
For policies that might reduce it, continental Europeans need simply follow America and Britain, where unemployment has tumbled, thanks to deregulation and cuts in taxes, public spending and welfare benefits.Such a message remains mostly unwelcome on a continent determined to maintain its distinctive "European social model".
Just accounting for regular wholesale markup should roughly halve that, and bulk orders from solar cell foundries might reduce it to a tenth that.
Similar(47)
Indonesia had suggested that it might reduce its reliance on Australia.
Seoul has yet to announce whether and by how much it might reduce its oil imports from Iran.
The idea is that if the immune system thinks GAD is food, it might reduce its attacks on the GAD-containing pancreas cells.
Why did bond yields surge, if all the Fed did was say that it might reduce its bond purchases at some point?
But it will take years to introduce the changes that might significantly reduce it.
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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