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"The pressure for policy easing is much less now than it was in November 2008," he says.The rebound in the property market is harder to interpret.
But why doesn't Germany like QE? German media and policymakers have three types of objections to the policy: fiscal costs, depreciation of the euro, and less pressure for policy reforms in crisis-hit countries.The fiscal-cost objection is based on the idea that if a country defaults on its sovereign debt the ECB will be left holding the bag (and Germany is the bank's largest shareholder).
The analytical framework developed here is based on the two dimensions of the applicability of policy and the pressure for policy implementation, as illustrated in Table 1.
If the applicability of policy is low and the pressure for policy implementation varies, policy implementation at the grassroots level often fluctuates between passive implementation and campaign-style implementation.
First, at the theoretical level, what are the reasons for the variations in the degree of pressure for policy implementation, and how are such variations transmitted within the administrative hierarchy?
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Her response will be to try to preserve her popularity but fend off pressure for policies she sees as economically senseless.
This mainly reflects our forecast of substantially weaker economic growth, which will limit tax revenue and increase pressure for policies that may increase public expenditure or lower revenue.Having accelerated to a surprisingly strong 6.7% in the first quarter of 2008, GDP growth slumped to 1.9% in the second quarter as private consumption decelerated and fixed investment contracted.
(Maybe we should call this the "Brave New World effect").. 7. Occupy Wall Street disappears and is replaced by... nothing: Political movements can create pressure for policies that impact income distribution.
While Global Fund financial support was necessary, civil society's pressures for policy reform through the Fórums were present prior to the Global Fund's emergence; however, these civic pressures did not have any influence on strengthening the MOH's commitment to policy reform [ 17, 48, 56].
The rising salience of global warming in the eyes of the public and the growing pressure for ameliorative policy action stimulated those skeptical of AGW and opposed to carbon emission reduction policies to step up their efforts to deny the reality and seriousness of AGW.
Grasping the unpopularity of the deepening war, he sought to make a party issue of it, announcing his primary candidacy against President Johnson, a fellow Democrat, in the hope of building pressure for a policy change.
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Justyna Jupowicz-Kozak
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