Exact(1)
Flies, for example, avoid an odour once it has been associated with the onset of an electric shock (odour → shock; henceforth called punishment-learning); yet they approach an odour once it has been associated with shock offset (shock → odour; henceforth called relief-learning; [ 2, 3]).
Similar(59)
If the public found the target credible, then the central bank would not need to work as hard to offset shocks in either direction.
Yet since interest rates fell to near zero in 2008-9 monetary policy in most rich economies does not seem to have fully offset shocks.
The ability to make unconditional transfers to lower levels of government enables the federal government to offset shocks to specific regions.
"But it is only likely to cushion, rather than fully offset, the shock to UK growth that June's Brexit vote will cause," it said.
Some officials say antiquisation was a sop to offset the shock of not being let into NATO.
We need to look to fiscal policy – government spending and tax measures – and supply-side policies, which aim to make the UK a more attractive environment for business activity, to offset the shock of the Brexit decision.
Second, a "supply-side" reform, that attempts to offset a shock through the supply side of the economy.
Second, we use the tax measures whose motivation is not to offset macro shocks in order to estimate the GDP impact of tax changes.
A disturbingly large number of central banks are in a spot in which they cannot easily offset deflationary shocks.
This increases the sensitivity of taxes and output to unexpected inflation, thus minimizing the inflation needed to offset supply shocks.
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Justyna Jupowicz-Kozak
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