Stable expectations of a sound economic environment, including the long-run path of tax rates, regulations and so on.
To appreciate how telling these relatively stable expectations are, it is worth exploring what expectations are and where they come from.
Stable expectations undergird modern life, making possible such wonders as markets and retirement planning, both of which imply confidence in the future.
Core inflation has been underpinned by extremely stable expectations, the pass-through of high energy prices, and the anomalous behavior of rents.
By investing hugely in Germany's infrastructure – broadband internet, high-speed train tracks and the energy turn-around (Energiewende) – we will inject economic dynamism and create stable expectations for business and employees alike.
"Ultimately, this means low and stable expectations of inflation, whether that inflation stems from domestic sources or from changes in the value of the currency, from supply constraints or demand pressures," he said.
But her staff reran the exercise last month and concluded that with unemployment so much lower, the optimal policy is to start raising rates immediately, even though inflation is below target.The Fed's apparent willingness to tighten with inflation so low rests on the assumption that it will slowly return to target thanks to a tightening labour market and stable expectations of inflation.
Norms, rules, routines, values, etc., are contingent in their origins, but once they are established, they offer stable expectations.
When consumers' positive experiences with technological services are constantly reaffirmed, familiarity and stable expectations are built, which can eventually obscure huge technological infrastructure systems in an unnoticeable latency [28].
When building stable expectations of future developments, people have to commit themselves to a "leap of faith" [51], and this leap has become a focal point for research on trust.
"Non-trivial machines," on the contrary, change the rules on how certain facts are transformed into other facts of their own accord.5 Therefore, we understand technology in connection with regularity of behavior; provided a machine functions, it will operate in accordance with the actors' stable expectations of what will happen when the machines operates.6 2.6
