Even modest reductions in recidivism could yield huge savings.
We expect modest reductions in consensus forecasts to take account of currency movements.
Dr. Chirinko said his own studies had found that tax increases caused real but modest reductions in corporate investment.
Mr. Gore is expected to announce on Wednesday his support for modest reductions in the federal estate tax to help farmers and small-business owners.
But the assessment that General Petraeus is preparing to deliver next month is likely to call for at most modest reductions in troop levels by next spring.
The European commission says savings of well over €30-35bn (£22-£25bn £22-£25bn in healthcare costs could be made from quite modest reductions in greenhouse gases.
The concerted effort worked, and around the beginning of the year, influential politicians began to question the postal ministry's arguments for only modest reductions in the connection fees.
Nor do they say how they would overcome the health care industry lobby, which has blocked proposals for even modest reductions in Medicare payment rates.
And while it can help cut oil imports and provide modest reductions in greenhouse gases compared to conventional gasoline, corn ethanol also carries considerable risks.
The program has brought only modest reductions in the suspension rate so far, but Ms. Dorsey predicted sharper reductions over several years.
By most calculations, the kind of compromise Mr Lamy envisaged would have brought real, albeit modest, reductions in rich countries' farm barriers and big emerging economies' industrial tariffs.
