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It's fairly clear — although not explicitly stated — that the goal of this pronouncement is to boost the economy right now through expectations of higher inflation and stronger employment than one might otherwise have expected.
Now policy is thought to operate mainly through expectations.
Since monetary policy affects inflation partly through expectations, this indeed turned out to be the case.
Since monetary policy affects inflation partly through expectations, this has turned into a self-fulfilling prophecy.
With short-term rates up against the zero lower bound, mainly through expectations — by conveying the message that it will wait to tighten, that it will let the economy recover and allow inflation to rise before hiking rates.
While the direct effect of the purchases might be relatively small long-run ratesmall long-runlow, but otheratesets could get areoost vialreadyortfolow-butance effect—the main impact shothercome through expectassets.
Similar(43)
"If it comes through expectation then so be it," Coyle said of the discontent.
In this paper, the optimisation is performed through expectation maximisation.
Inauthenticity in relation to death is also realized in thrownness, through fear, and in projection, through expectation.
The inference of the final model was done through expectation maximisation (using the Viterbi approximation) on concatenated phonetic models representing utterances.
This approximation decouples the line of N cells into N single cell subsystems and assumes that the cells are only coupled through expectation values of polarizations.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com