And yet, however offensive those one-drop policies may appear today, that offensiveness alone doesn't strip the reasoning behind them of all descriptive truth.
But if bond market pressure intensifies, straining the cohesion of the euro zone, some new trade-off between greater risk-sharing on debt and tougher European supervision of weaker countries' fiscal policies may be back on the agenda.
Indeed, there is growing unease among central bankers that the collective effect of national monetary policies may have contributed to today's frothiness in markets round the world and that this may lead to either higher inflation or a financial crisis when bubbles eventually burst.Money, if not monetarism, is making a comeback in the way central bankers think about and carry out policy.
Mr. Hoenig's mantra is that monetary policy works with "long and variable lags," meaning that the consequences of today's policies may not be felt until much later.
Although some of Sweden's policies may be too much for today's American political climate, our legislators should examine the Swedish model — and its associated lower divorce rate and improved earnings for women — for aspects that might be successfully instituted here.
In addition, since policy makers and implementers are far from each other in the administrative hierarchy, the level of applicability of policies may be very low (Zhou 2014).
Since compensation structure and financing policies may be jointly determined (Smith and Watts, 1992), the above analyses may suffer from a potential endogeneity problem.
MELBOURNE, AUSTRALIA--A multifaceted review of the country's R&D policies may be delayed by the resignation last Friday of Science Minister Peter McGauran, who got caught up in a governmentwide scandal over the misuse of travel expenses.
That means the full benefits of recent policies may not appear until the middle of 2014.
Kingdon (1995) argues that the current policies may change through three independent streams called the problem stream, the policy stream and the political stream.
