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But in the absence of more nominal growth, the adjustment process will continue to be long, painful, and dangerous.
By now, though, there's a well-settled precedent for how any president is to act in such cases, making that authority more nominal than significant.
When inflation is low, by contrast, firms and workers change prices much less frequently, building much more nominal ridigity into the economy.
And while those earlier periods of progressive reform had more nominal bipartisan cooperation, it's not a coincidence that some Republicans felt compelled to do along only when faced with atypically huge Democratic supermajorities.
That, in turn, implies less inflation volatility, more nominal rigidities, greater risk of running up against the zero lower bound, and a less effective response at the zero lower bound.
By now, Chan's connection to the Honolulu P.D. was becoming more and more nominal; he was turning into an international private eye, ranging from Berlin to Shanghai, solving crimes and, incidentally, calming down his comically excitable, thoroughly Americanized sons, who served as his assistants.
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Further guns are being moved into position, such as successively more negative nominal interest rates or so-called helicopter money.
There is instead an unwritten rule that sports success exempts one from more than nominal academic or even criminal penalties.
Lending to the private sector has increased by around 20% more than nominal GDP over the past year in both Turkey and Hong Kong.
In five of those cases, federal appeals courts have expressed skepticism that Amy and Nicole should receive more than nominal restitution.
At Saʿīd's accession Omani weakness made this allegiance little more than nominal, for at Mombasa the Mazarʾi family had set up a virtually independent dynasty.
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