Economists at Goldman Sachs have plotted market expectations of short-term interest rates against consensus inflation forecasts to derive expected real policy rates for several major markets.
Lord Adair Turner not only challenges the consensus on short-term tactical approaches to regulation and macroeconomic management, but he forces the reader to think more deeply about the long term goals of policy, including unfettered growth and the role of the free market.
For example, the baseline path of short-term interest rates is constructed from consensus forecasts and may differ from that implied by the FOMC's Summary of Economic Projections.
Where we face important long-term challenges, we must seek a consensus that puts short-term politics aside and puts the national interest first, just as we did over a decade ago when we made the Bank of England independent.
After all, supporters are energized by this victory, and there is a broad consensus on the short-term priorities of the economy and Iraq.
The Brazilian consensus recommends a short-term treatment course with clarithromycin, amoxicillin and proton-pump inhibitor for the eradication of Helicobacter pylori (H. pylori).
Short-term evolution is largely favourable, although consensus on the duration of antibiotic therapy and the modalities of patient follow-up remain to be established.
England needs to reach a consensus, not an artificial short-term confrontation.
The general consensus is that for short-term speculative investors looking to quickly resell their off-plan property for a hefty profit, the party is over.
Analyses are divided over the net costs and benefits, though a rough consensus suggests that the short-term costs have been high and the long-term benefits are potentially great, as new generations of immigrants assimilate and fuel the economy.
Finally, there is a consensus that focusing on short-term shareholder value has risks.
