Your English writing platform
Discover LudwigSuggestions(2)
Exact(55)
It's disturbing that Mr. Cheney seems unaware of this basic policy rule.
A policy rule is useless if it does not to relate to the instruments at the disposal of policymakers.
This broadens the definition of a policy rule significantly and permits the consideration of issues that would be excluded under the narrower definition.
This approach is consistent with Milton Friedman's vision of monetary policy, would impose a monetary policy rule, and provide a solid long-run nominal anchor.
By this definition, a policy rule would include a nominal income rule in which the central bank takes actions to keep nominal income on target, but it would not include pure discretionary policy.Another young man asked whether a policy rule or an inflation index should include asset prices.
A policy can be implemented and operated more informally by policymakers who recognize the general instrument responses that underlie the policy rule, but who also recognize that operating the rule requires judgment and cannot be done by computer.
Similar(5)
Baseline, simple policy rules generally perform poorly.
"Seems like bad campaign policy," ruled a third.
That simple but bad policy rules can be easily explained does not make them better than good policy rules.
Such policy rules are the result of careful study and deliberation.
It also calls for making several major policy rules in an absurdly compressed period of time.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com