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Exact(7)
Demand for money functions, which had previously seemed stable, commonly broke down once used as an intermediate monetary target.
It is, after all, rare that dollars will flow in precisely the quantities required to meet the PBOC's monetary target.
This monetary target for 1990 is about what it would have been before the triumph of the hard-liners last year, he said.
The most promising ideas include indexation of oil contracts, hedging of export proceeds, denomination of debt in terms of oil, Chile-style fiscal rules, a monetary target that emphasizes product prices, transparent commodity funds, and lump-sum distribution.
So we said, "well, let's do one of those". Our monetary target was a million dollars.
Imagine if we achieved the monetary target and then divided this prize pool into 50 different innovation goals/prizes.
Similar(53)
Unlike monetary targets, inflation is a final rather than intermediate goal.
Page after page, written in scrawled Korean, lists monetary targets and the names of workers who have fallen behind.
That would not matter for monetary targets if there were a direct link between money-supply growth and inflation.
Instead of trying to meet monetary targets, they use their own money to determine short-term interest rates.
The minutes also showed three dissents in adopting monetary targets for 1990, the substance of which was disclosed before Congress shortly after the meeting.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com